I thank Mr. McLean and Mr. MacCarthy. I think the members of the committee can hear where we are at with the basics. The focus is absolutely on the passengers. The DAA is all about the passengers, our most important stakeholder. To service passengers with a really good airport experience, we need to have staff who are well motivated and well trained in delivering on the big days. Last Sunday, there were nearly 120,000 passengers at Dublin Airport. That was a huge day. If the airport had 120,000 passengers every day, it would be operating services for more than 40 million passengers annually. Showing it can do that is down to the team. These are the people operating the security lanes, cleaning the airport, running the car parks, driving the buses, those on the airside, those in what we call the APOC, those ensuring all aircraft are coming to a stand and doing everything properly. These are the real heroes in the organisation who can get through a day like we experienced last Sunday in Dublin Airport, and similar days in Cork Airport, and just get passengers on the way with a smile on their faces.
I will quickly canter through a few other topics. On sustainability, this remains an important mission for us. It really does underpin everything we do. Recently, we announced the opening of a solar farm that will provide 10% of our energy needs. We are very happy with that. We are also looking at other options that would further improve the situation and make us self-sufficient from an energy perspective. In the area of alternative fuels, we are increasing our use of renewables and what we are doing with waste. Regarding the sustainable aviation fuel, SAF, support we have in place, we are part of the national council on SAF. There is nothing stopping SAF coming to Dublin Airport and being used there today. We remain absolutely focused on reducing our emissions by 51% by 2030 and reaching net zero by 2050. Nothing has changed in the plan we signed up to. We are looking at this goal, at new things we can do and at our delivery in this area every week. We need to build to reduce emissions because terminal 1 is very old and it is a critical part of our infrastructure application.
We are listening. We are listening locally in the Fingal area. In a wider context, we are listening in Dublin, Leinster and nationally. I have been out to the local community six times in the past year, to households very near the runways where noise is a serious issue. I have met the key groups involved at the airport, including the St. Margaret's group, the Dublin Airport Environmental Working Group, DAEWG, and the Community Liaison Group, CLG. Overall, during the last year, we have had 100 community visits. Four community liaison group meetings have been completed this year. We are actively listening in the community, not just in Fingal. We have met with representatives from east Meath. I will visit the county over the summer, including places like Ratoath and Ashbourne, to hear people's concerns, listen to the noise is and communicate with people. We want to take a wider view in the community we are engaging with.
At a national level, 65% of people in Ireland support the further development at Dublin Airport, while 73% agree that Dublin Airport should be able to grow passenger numbers for Ireland's connectivity. Locally, in the Fingal area, 84% acknowledge the airport's contribution to the local economy and 77% support future expansion needs. We are engaging with Fingal County Council. I will meet the new councillors who have been elected in the coming months. We were in the council chamber in the last six months. We are sending a bimonthly newsletter to Fingal and getting feedback, and we will continue to actively engage. At the meeting before last, I think mention was made at this committee of the community viewing area we have been working on. Members will have seen that we have committed a planning application for this viewing platform and it will be a great local initiative. We are listening. We can never say we have done enough listening. We will continue to listen in Fingal, Dublin and beyond to hear from the local community. Noise is serious and we take it very seriously. We want to look at everything we can do to take noise away. Emissions are serious and being a good neighbour is something we are very much committed to.
Specifically on the subject of noise, we now have more than 20 fixed and temporary noise monitoring stations. We have completed the insulation of more than 160 homes and 38 more homes are eligible for insulation. More important, within the relevant action with An Bord Pleanála, we have 660 more homes that could be included for insulation, which is very good.
Regarding the buy-out scheme, 38 homes are eligible for it. We are actively engaging with the owners. This involves buying them out at market value plus 25%.
Flight paths can evolve and we are actively looking at them. We are responsible for the flight paths. We devolve this responsibility to AirNav and, ultimately, the IAA signs off on flight paths. If there is a better flight path out there that will remove noise from the system, we will implement it. I referred specifically to removing noise from the system because this is not just about moving noise from over community A to community B. It is about whether we can remove noise from the system entirely. We are looking at this possibility with our flight operations teams, AirNav and the IAA. By the end of the year, I hope we will have a view on whether there is a better flight path out there that will take noise away. If there is, we will look at implementing it in a practical way in conjunction with AirNav and the IAA.
The underpass was spoken about when representatives of Ryanair were before the committee. We are convinced of this project. We do not see Dublin Airport operating in future without it. The key point for me is that we want to start thinking about and planning for Dublin Airport in the years 2040 and 2050. I do not see there being an efficient and safe Dublin Airport when we would be operating at 45 million passengers, and above, without an underpass. Underpasses like the one we plan to build exist in Madrid, Barcelona, Charles de Gaulle, Schiphol and Frankfurt airports, as well as many other large hub airports. Many of our other airline customers support this project and we need it.
We will never stop doing everything we can to try to take away noise. The best things to do are to insulate homes, buy out those very near the runways and incentivise the operation of newer and greener aircraft. We are looking to reduce the charges by 25% for airlines with those types of aircraft. We will continue to do this.
I am worried about the passenger cap. We have done everything we can to comply and we are still only halfway through the year. We abstained from the slot process last year. We brought proposals to the slot committee on reducing the number of ad hoc movements but the airlines did not vote for them. We welcome the new decision made by the IAA on the passenger parameter being introduced for the passenger cap.
That will give us a platform for compliance in 2025. We wish that had been taken a little sooner because it would have helped with this summer. However, I am concerned that we will be forced into a breach of the 32 million passenger cap because not enough has been done.
As the committee is aware, and as we explained the last time we were here, we do not control the passenger number with a tap. The passenger number is determined by the slot process, which is governed and regulated by the IAA. Obviously, the airlines want as many slots as possible. Many airlines have contacted us in the past six months. I have advised ten airlines that while I cannot stop them from applying for slots, if they get them in 2024, they may not keep them in 2025 and that if I was one of these airlines, I would think twice. We are satisfied that we have done everything we can to comply with the passenger cap. There are six months left in the year, so we will see what happens.
The Aer Lingus strikes, if they happen and I hope they do not, could take a number of passengers out of the mix. That would not be good for Irish aviation and it would be terrible for anyone who has holidays booked with Aer Lingus but it would help towards compliance. I am confident that we have done everything we can to comply with the passenger cap but I fear we may be forced into a breach at the end of the year.
The charges are still not high enough, even at €9.20 per passenger. Ryanair stated last week that the charges are going up by 45%. They are not going up by 45%. There is a bigger chance of us operating an airport on the moon than there is that charges will go up by 45%. The charges are regulated, and looking at 2025, 2026 and 2027, we think they will go up in line with inflation. Dublin Airport is still the lowest charging capital city airport in Europe. We want a modest increase in charges. What would we do with such a modest increase? We would put all of it back into passengers at Dublin Airport. We want faster queues, a better airport and permanent resilience for passengers at the airport.
Rounding off and in summary, Ireland and any part of infrastructure need to get better at looking at 2050 and long-term planning. Davy this morning published a point of view on population growth in Ireland. Looking at it in the past five years, population growth here was under-called by about 10%. As a result of population growth, Dublin Airport will need to be able to accommodate more than 40 million passengers by 2040 and close to 50 million passengers by 2050. Not everybody likes or welcomes that. I also see bigger growth at Cork Airport and potential for significant growth at Shannon Airport. I hope that along the way aviation, between airlines, the DAA and the whole system, will come up with alternative energy sources that will power aircraft.
Ireland is a small open economy and connectivity is essential. We have a young and growing population. We see transportation and flight demand very much increasing. The DAA wants to get ahead of it and get better at planning for the future in Dublin and Cork airports. We are thinking about the airports we need at Dublin and Cork in 2050, what they will look like and what capacity they will be able to serve.
Cork and Dublin airports are ready. That is down to the teams we have. We are very proud of our teams, the way they work and the delivery we have had for passengers in the past year. We are in the summer. We could not deliver a UEFA Europa League final or a 120,000 passenger day such as we had in Dublin last Sunday without the team being really up for it. We are very proud of what it does.
Outside of Ireland, we have a good international business. We run duty free shops in 27 airports around the world. We run three big terminals in Saudi Arabia and we want to run more. We are very happy to fly the Irish flag in aviation around the world as well as doing a very good job for passengers here.
We have a sharp focus on improving the little things. That is what it is really about when it comes to a good airport. We continue to work closely with the IAA and we welcome its recent decision it issued on the passenger parameter. While that will help us to comply with the cap, I am concerned that we may be forced into a breach later in the year. Airport growth and improved sustainability can go hand and hand. We want to build at Dublin Airport to reduce emissions there because terminal 1 is very old in parts. We also want to support the connectivity needs of Ireland. Cork and Dublin airports play a huge role in Ireland's economy. Combined, they support over €10 billion in economic value-added activity and we want that to continue.
Ireland is great at aviation. It is great to go to different parts of the world and have people say we have Aer Lingus, Ryanair, Dublin Airport, Cork Airport and Shannon Airport. Ireland invented duty-free business in the form of Aer Rianta. We are very good at this. Dublin and Cork airports need to be a showcase for the world to come to and say that these guys are great at running airlines and airports. That is what we want to bring to the rest of the world. I thank the committee and look forward to questions.