Oireachtas Joint and Select Committees

Wednesday, 5 September 2018

Joint Oireachtas Committee on Climate Action

Third Report of the Citizens' Assembly: Discussion

10:00 am

Dr. John Curtis:

On the last point, it is the case that business will be impacted but we already see that the multinational petrochemical companies are diversifying into renewables. They see the writing on the wall that they need to get their profits elsewhere. Domestically, in peat extraction, Bord na Móna is also diversifying its business because it sees that. In the wider economy, there is the question of continuing to do what we always did in any sector. For instance, how many members have a Nokia phone in their pocket? Ten years ago, it is probable that all the members had one, however Nokia did not diversify or see what was coming. All sectors must continually innovate.

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