Oireachtas Joint and Select Committees

Thursday, 4 July 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018

9:00 am

Mr. Conor O'Kelly:

We bought carbon credits at different times back in 2007 and 2008 for the 2020 targets, which will be missed. Those will be used against our targets and additional expenditure will be modest. Between €6 million and €12 million will satisfy all our obligations for 2020, along with the credits we have purchased.

Then we have the 2030 targets. No carbon credits have been purchased for the 2030 targets. It is very unlikely that the carbon credit market will even exist for sovereign countries so I do not anticipate-----

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