Ms Cliona Sharkey:

I defer to the experts in the room on the fund. I understand that, under the legislation, the capacity to invest globally will remain, even though the intention is to focus on the Irish economy. As Deputy Thomas Pringle and Mr. Bond have pointed out, there can be a political impact in the short term, both in the message that can be sent internationally and the intention that can be set regarding domestic policy.

We also set the standard that any investment in fossil fuel transition activities, be it technology or companies, should always seek to be as ambitious as possible and meet standards of robustness, given the pace of decarbonisation needed.