Mr. Oisín Coghlan:

On ring fencing, we strongly called for all carbon tax revenue, not just the increased revenue, to be ring-fenced. That was our message in the run-up to the budget. Interestingly, on the "Today with Sean O'Rourke" radio programme, the Minister for Finance, Deputy Donohoe, acknowledged that that should be the direction of travel. He committed to ring-fencing the new revenue but also acknowledged that we will or should be spending all sums gathered from the carbon tax on climate actions. We are already spending more than the extra €100 million. There is scope for pushing for all of the revenue to be ring-fenced. It may not be an open door, but there was a crack or an acknowledgement that there is logic to it. Ring-fencing the entire carbon tax revenue, possibly over several years, should be pursued in the context of negotiations on the programme for Government and the budget next year.