Oireachtas Joint and Select Committees

Tuesday, 18 June 2019

Committee on Budgetary Oversight

Budgetary and Fiscal Implications of Climate Change: Discussion

Professor John FitzGerald:

I would not go that far. If we do our job in the context of decarbonising, then the level of gas consumption in 2040 or 2050 will be much lower than it is today. Dr. Curtis is the expert in this area. There would be more biogas. Therefore, some of it will be renewable in that sense. Still, the amount of gas involved, if it is much less than we are talking about today, and with a European market where there are many different sources, would be bought at a rather similar price by importing. However, the security of supply in having our own source would be beneficial if we were to continue to consume gas. We are probably talking about less gas than we are using today. There is an advantage but in terms of the overall benefits of spending a lot of money on going looking for it off the west coast, I would want to consider that.

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