Oireachtas Joint and Select Committees

Thursday, 18 April 2019

Committee on Budgetary Oversight

Stability Programme Update: Minister for Finance and for Public Expenditure and Reform

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It is difficult for us to give a view of the economic effects of climate change on our economy. However, on page 49 of our document we have called out climate change and our renewable energy targets as representing a high risk for the economy in the medium term. The Department and I decided that we would call this out as being a risk in a way that we have not done in the past. It is certainly something that will frame my thinking in terms of what we do on carbon taxation.

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