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Businesses spending €1.3m annually on 'green technology', new data shows

Green technology is designed to mitigate or reverse the effects of human activity on the environment.
Green technology is designed to mitigate or reverse the effects of human activity on the environment.

Businesses in Ireland are spending an average of just over €1.3m annually on 'green technology', new data shows.

Green technology is designed to mitigate or reverse the effects of human activity on the environment.

The survey from Irish IT services provider Auxilion and supported by Hewlett Packard Enterprise found that 74% of companies are already using green technology.

It suggests that Ireland is 11% ahead of counterparts in the UK in terms of adoption of such technology.

The data shows that 90% of businesses have already, or will invest in artificial intelligence driven sustainability solutions within the next two years.

Meanwhile, 82% said that AI has a significant role to play in helping to meet sustainability targets.

"As shown by this research and our recently released report, it is really positive to see organisations putting their money where their mouth is by investing in green technology to help the environment and reduce their carbon footprints," said Donal Sullivan, CTO of Auxilion.

"With sustainability only set to grow in importance across the value chain, businesses also need to leverage technologies – from AI to cloud – and service providers which enable them to support their sustainability goals and meet targets," he added.