Oireachtas Joint and Select Committees

Thursday, 17 June 2021

Committee on Budgetary Oversight

The Cost of Climate Action: Discussion

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

I will now open up the session to a second round of questions. Those Deputies who would like to ask a second question should please raise their hands.

While people are organising themselves, I might ask a question. We have spoken a great deal about expenditure and green investment, but in terms of the cost of climate change, we have not spoken much about fines levied on Ireland for failing to meet its climate targets. In its submission, TASC puts the fines somewhere in the region of €7 billion by 2030. I am interested in the OECD's outlook. In the past year or two, I have had opportunities to discuss with various Members of the Oireachtas the likelihood of fines being levied. There does not seem to be a great deal of concern about it. Are we likely to see that level of fine levied on Ireland if we fail to meet our targets? How would we go about addressing that issue through a medium or long-term budget strategy?

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