Seán Fleming (Laois, Fianna Fail) | Oireachtas source

Mr. O'Kelly might explain to us the market transactions undertaken. There are other funds called the carbon fund for Europe, CFE, and the bio-carbon fund, BioCF. I do not know what those mean. Mr. O'Kelly might send us a note on that. I know that the NTMA has been in the market for some of that recently. I ask that a note be provided on the role of the NTMA in this regard. I know it gets an instruction to buy them as the NTMA is the agent for the State. It is not making the decisions regarding what to buy, however. At this stage, Ireland has not yet purchased statistical transfers from other EU member states in respect of renewable targets. There will probably be a call to stand by those targets.

The NTMA must be monitoring that area because it might be called to action on it soon.