Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

I wholeheartedly agree with Mr. McCabe. It shows what an exciting opportunity this is and how exciting the future will hopefully be. I will move on to the OECD for my last question. This State has been a laggard when it comes to green investment and a just transition. We have followed a market-based approach which seeks to unlock private investment and nudge households in a different direction. I am concerned that that will not be sufficient. I think that private providers will not have the scale, capacity or risk appetite required to facilitate this transition within the required time. I feel that the State will need to take a more interventionist approach by becoming a large-scale investor in green technologies and a major purchaser of clean energy. An important historical comparative experience is the Internet, where the United States, through large-scale funding, guaranteed the market for 35 years. This helped to incubate the technology while giving private investors time to develop their own commercialisation strategies. What are the views of the OECD on the role that State-owned enterprises can play in a green and just transition?