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:
It is balanced elsewhere and contributes to reducing real emissions globally. The ETS is tightening over time. It will become increasingly expensive to buy one's way out.
The number of credits available is reducing continually. Enterprises make commercial decisions but a point will come when it will become more expensive when the credits are reduced.
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