Oireachtas Joint and Select Committees
Wednesday, 3 November 2021
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Challenges to Ireland's Competitiveness: Discussion
Ms Linda Kane:
The enterprise sector currently accounts for 13.3% of our national emissions. Under the current climate action plan commits to reducing those emissions by 10% to 15%. That is likely to increase in the new climate action plan.
Making investments in new sustainable methodologies and products requires a level of certainty. The council welcomed the announcements in budget 2022 that the carbon tax will increase to €41 to tonne and a planned increase to €100 per tonne. That certainty really helps enterprises when they are making those long-term investment decisions. They need that element in place to know the playing field.
On our competitiveness, there is a global shift where consumers are demanding more environmentally conscious products. That is a niche market that our suppliers can work into. If they want to expand their businesses, they need to respond to what their consumers are demanding.
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