David Cullinane (Waterford, Sinn Fein) | Oireachtas source

That is my point. It is easy to throw out those figures and say that we will do something by 2050. Let us come back to planet earth. In reality, will we be in a position in 2050 where we will have spent €50 billion on retrofitting homes? That is what drives people mad because they want to engage and want to be able to make the changes. People whose homes are heated by oil or gas are listening to this discussion and they are the ones who are subject to carbon tax increases, which I will get to shortly. When we say that by 2050 we will have spent €50 billion on deep retrofit or retrofitting people's homes, is that a credible objective for the State to set itself in terms of whether it can be met? If it can be met, where will the money come from to pay for it? Will it be on the households? Will the State, or homeowners, have to borrow? I cannot see €50 billion being spent by the State on retrofitting homes by 2050. I might be wrong, and Mr. Carroll might be able to correct me on that.