Oireachtas Joint and Select Committees
Tuesday, 15 June 2021
Joint Oireachtas Committee on Climate Action
Reduction of Carbon Emissions of 51% by 2030: Discussion (Resumed)
Réada Cronin (Kildare North, Sinn Fein) | Oireachtas source
Professor Matthews touched upon the idea of a cap and trade scheme in his exchange with Senator Higgins. I missed some of what was said because somebody came into my office. Given the short deadline we have to achieve reductions, it would be risky to rely on the market to come up with a solution. The time for tinkering around the edges has long passed. I also worry about negative social outputs if we were to rely on market mechanisms, because they will benefit large farmers to the detriment of smaller farmers. The Government sometimes talks about just transition as if it is a project, but what is going on with Bord na Móna in the midlands, for instance, affects every county on the island. Will Ms O'Neill indicate whether Stop Climate Chaos has a position on the reliance on market mechanisms?
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