Mr. Derek Moran:

I referenced the IPCC report in my opening statement. I recognise the urgency. On carbon tax, the 4.7% reduction for a €20 increase is an illustration of the potential of this as a measure for decarbonisation. The climate action commission is talking about €80. I spoke about mapping that type of change over a period and bringing certainty and focus to the fact that this will increase over time. While the net impact on emissions may not be linear, as in three times 4.7%, in terms of what we are trying to achieve over the next decade or so, it will solve not all of it but it could go a long way. That is why having a multi-annual trajectory for this becomes important.