economic downturn - passivehouseplus.ie

The Lay of the land

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The unprecedented development seen in Ireland in the Celtic Tiger years was fueled by the availability of cheap, abundant fossil energy. As the boom ends, the state is attempting to boost the economy with investment in larger than ever infrastructural projects which will not benefit many of the tax payers who are funding them, and crucially don’t recognize the extent to which peak oil production will affect their viability, as Richard Douthwaite reveals.

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