Oireachtas Joint and Select Committees

Thursday, 21 November 2019

Public Accounts Committee

2018 Annual Report of the Accounts of the Public Services
Chapter 9 - Greenhouse Gas-Related Financial Transactions: Discussion (Resumed)

9:00 am

Mr. Brian Carroll:

There is quite a bit of economic analysis that shows that increasing the price of something will cause someone to look for alternatives. That is the basic principle underlying carbon tax as a pricing mechanism. The Deputy is talking about the bulk of carbon tax and asking why that is not ring-fenced. On how money is being spent, to pick one thing, in 2014 we spent €54 million on retrofitting houses. Again in 2016-----

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