Fianna Fail is calling for funding raised under the Carbon Tax to be reinvested in renewable energy technology.

TD Barry Cowen made the call after Bord na Móna announced it is to to exit the coal business and cease production of convenient products such as fire packs and fire-logs at its facility in Derrinlough.

Mr Cowen urged the Minister for Communications, Energy and Natural Resources Denis Naughten to use the funding as it would a "give Bord na Móna a future ensure continued employment in the Midlands".

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He said: "Every effort must be made by Government to ensure that Bord na Móna is able to diversify into new renewable energy technologies. Minister Naugthen needs to have a clear commitment that the company will be supported to allow it to continue its operations in Derrinlough in particular. There is a plan to turn the facility into a world class biomass production facility. We need to see tangible evidence that this plan is progressing now that Bord na Móna has announced such a significant change to its overall operation.

"The discussions between Bord na Móna and the ESB are still ongoing regarding the price of peat for power stations. It's worrying that this issue still hasn't been resolved. The Government needs to ensure an agreement is struck as soon as possible. Failure to do so puts jobs at risk in Edenderry, Shannonbridge and Lough Ree. These communities cannot be allowed to be left behind."

(CD/MH)