Oireachtas Joint and Select Committees

Wednesday, 5 December 2018

Joint Oireachtas Committee on Climate Action

Third Report of the Citizens' Assembly: Discussion (Resumed)

2:00 pm

Photo of Richard BrutonRichard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source

It would be impossible for the EU to devise for that. In Ireland alone we have 350,000 enterprises so it would be very difficult if we multiply this by 27 member states. It would be very difficult to have cap and trade targets for all of those multiple sectors. It would be very difficult to administer. The reason cap and trade was done was there were a small number of large producers and this was a good way of getting a cost-effective change. There were critics of it, as the Deputy probably knows. They are facing a 43% reduction in the ETS and they are not being allowed off scot free. They have to reduce their carbon emissions by 43%.

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