Oireachtas Joint and Select Committees

Tuesday, 18 June 2019

Committee on Budgetary Oversight

Budgetary and Fiscal Implications of Climate Change: Discussion

Mr. Frank Maughan:

Various estimates have been put out by various parties and sometimes those estimates also include the cost of potential compliance with our renewable energy targets mixed in with our emissions targets, which is a separate framework. There is a separate compliance regime attached to that at EU level. As I understand it, there will be a requirement to purchase compliance with that framework in case there is a shortfall in reaching the renewable energy targets.

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