Oireachtas Joint and Select Committees

Wednesday, 17 November 2021

Joint Oireachtas Committee on Agriculture, Food and the Marine

Carbon Sequestration and Storage in Agriculture: Discussion

Dr. Gary Lanigan:

At the moment, there is no domestic offsetting scheme. If there was, then one could. There are two ways it can be done: via voluntary emissions reductions certificates or certified emissions reductions certificates. Going down the certification route, as Professor O'Connor said, requires more robust measurements. There are also transaction costs because that needs to be certified by a certification body, be it VERA, the Carbon Trust or whoever.

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