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Bank of Ireland Highlights Commitment to Irish Agriculture with Release of Two White Papers on Sectoral Developments – FINCHANNEL

Exploring the Role of Biomethane in Decarbonising the Agriculture Sector

Bank of Ireland and Davy Corporate Finance are leading the charge in supporting the transition to sustainable practices in the agriculture sector, particularly through the development of the biomethane industry. The importance of biomethane in decarbonising agriculture was highlighted at a recent event, where experts discussed the operating model and the need for Ireland to meet both domestic and EU targets.

With a focus on providing financial support to farmers, Bank of Ireland offers Enviroflex loans to incentivize the implementation of sustainable practices on farms. This support is crucial in achieving emissions reduction targets for agriculture by 2030, as highlighted by Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D.

The development of an indigenous biomethane sector in Ireland not only contributes to decarbonisation in agriculture but also has the potential to assist in decarbonising other hard-to-abate sectors. With a significant investment required to meet government targets, collaboration between stakeholders and a supportive financial system are essential in driving progress in this area.

Bank of Ireland’s commitment to supporting farmers on their sustainability journey, along with Davy Corporate Finance’s expertise in the sector, positions Ireland well to capitalize on the potential of biomethane. As the country continues to prioritize sustainability and decarbonisation, the development of the biomethane sector will play a crucial role in achieving a low emissions future.


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