Vision 2030 Jan. 2012 | Page 80

Key Points »» Ireland has some of the best natural resources on the planet for wind and wave power »» Highly successful wind energy infrastructure already in place »» Irish private sector is at the forefront of the development of wave energy technologies »» Clear policy targets have been set: - 40% of all electricity generated from renewable sources by 2020 - a 20% energy efficiency improvement by 2020 - a penetration rate of 10% for electric vehicles by 2020 »» 2010 saw the establishment of IBM’s first Smarter Cities Technology Centre in Dublin to better understand, interconnect and manage core operational systems such as transport, communication, water and energy »» Dublin City will collaborate with IBM as a ‘Test bed’, positioning Dublin as a Smarter City, embracing technology to meet the challenges of a globally competitive, sustainable city for the future »» Green Economic Zone established - The Green Way »» International Green Financial Services Centre framework in place