Putting Ireland at the Heart of Green Business

Green Financial Services May Create 7,000 Jobs

27/01/2011 - The current Taoiseach, Brian Cowen, has announced he believes new 'green' financial services could produce 7,000 jobs and "put Ireland at the heart of green business".

According to Mr Cowen today, the Green International Financial Services Centre (IFSC) will target environmentally related financial services bringing employment and revenue.

The Taoiseach said "By supporting the establishment of the ‘Green IFSC’, Ireland is positioning itself as leading financial services centre for the management of carbon and green finance.

"This initiative will help to maintain the competitive advantage of the IFSC and has the potential to create in the next five years over 7,000 new jobs and €6 billion in revenue from this emerging sector. This is a significant boost for the development of Ireland’s Smart Economy."

Mr Cowen's new policy comes on the same day the US President Barack Obama singled out investment for green jobs programmes during his State of the Union Address. The President said during his annual address in the House of Representatives chamber, that investment in green jobs would be key to American economic recovery. {continued}