Oireachtas Joint and Select Committees
Wednesday, 6 December 2017
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
2:00 pm
Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source
I have one other question on that. Regarding the review of the public spending code, I have been asking the Minister for Finance recently the price of carbon he uses in multi-criteria analysis. I was shocked to hear he is using a price of €7 per tonne, or whatever the current emissions trading system, ETS, price is. I understand the European Investment Bank uses a price of €14 per tonne and the World Bank uses a similar one. The US Government set it at €60 per tonne when Mr. Obama was US President. It is not surprising that all the investments we are making are leading to a high-carbon economy. Emissions are rising across all sectors. The Department of Finance seems completely-----
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