Oireachtas Joint and Select Committees

Wednesday, 20 November 2019

Joint Oireachtas Committee on Climate Action

Supporting a Just Transition: Discussion (Resumed)

Mr. Peter O'Shea:

I will come in on the green bond. In the year gone by, the ESB raised a very significant green bond in the financial markets to utilise across the various parts of our business for green activities. I think it is a different question the Deputy was asking. I think he was asking about retrofitting and how money might be raised for retrofit schemes either on an individual or collective basis. To be honest, that requires some degree of policy and legislation to enable it in the Irish market. There were examples in the United Kingdom of a green deal. It was not overly successful, but I believe it came to the market at a difficult time. I would not discount it but it is not a place that the ESB sees itself being in in the first instance. It is a broader than the ESB.

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