Hildegarde Naughton (Galway West, Fine Gael) | Oireachtas source

I completely agree with the intention of the Bill and the move towards a low carbon economy which is absolutely critical for Ireland. We need to be a leader in that regard. Following research I have carried out and having listened to experts in this area, I am aware that the majority say fossil fuels will play a part in our transition to a low carbon economy. When we consider Ireland as an isolated island, we have to ensure security of supply for citizens. As much as Deputy Bríd Smith, I want to see a transition to renewables, but, unfortunately, the Bill does not offer anything for the renewables sector, with which I know that the Deputy agrees and which I know that she wants to see expanded. The Bill will also not do anything to reduce our greenhouse gas emissions. The work we are doing at the special Committee on Climate Action will be more important. Fossil fuels, in particular gas, forming part of the transition will be key. Gas will be important in producing cleaner electricity. The energy policy of UCC's Centre for Marine and Renewable Energy Ireland, MaREI, states an 80% reduction in CO2 emissions by 2050 would still mean significant levels of oil and gas in our energy mix. We need to gradually reduce the level of oil we will use in the transition to a low carbon economy. For the sake of security of supply, the cost of energy and protecting the State through the transition, it is important to ensure we do everything we can. The Corrib gas field will run out in the next ten to 15 years. At present, 50% of our gas supply comes from it.