Oireachtas Joint and Select Committees

Friday, 22 January 2021

Public Accounts Committee

2019 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Communications, Climate Action and Environment

1:00 pm

Mr. Mark Griffin:

We have made provision in 2021 for a potential additional €20 million. We will not know until August 2021 whether that needs to be spent because we will have the final 2020 energy figures from the Sustainable Energy Authority of Ireland, SEAI, at that stage. That is on the renewable energy side.

On the carbon credits, that is, the spend to meet our emissions reductions targets, as Mr. Frank Maughan mentioned earlier, we had a target, by 2021, of a reduction of 20% in our emissions relative to 2025. For a whole range of reasons, that will be somewhere in the region of 2% to 4%. We have made significant investment, most of it in the period to 2012, in emissions reductions allowances, which we have banked. We estimate but cannot be certain that the additional quantum required to meet our 2020 targets is €6 million to €13 million but, again, we have to do a bit of work to finalise that.

As we move into 2030, the focus over the next decade is to put in place a plan that will allow us deliver our 2030 targets and to make sure that that plan is delivered. The delivery of that plan will be set out in legislation, which has just completed its passage through pre-legislative scrutiny in the Oireachtas and will be introduced in the Dáil or Seanad in February.

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