Oireachtas Joint and Select Committees

Wednesday, 24 November 2021

Committee on Budgetary Oversight

Inflation: Discussion (resumed)

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

Well the pandemic has been a pre-play of what we expect to see from climate change. It has disrupted supply chains and made us look at our systems. I wonder if the issue of reshoring is directly related to this considering that in the past number of weeks, we have seen a province in Canada almost cut off from the rest of the country due to climate events. Are those two issues linked? Considering we look at medium- to long-term budgetary issues in this committee, what does the ECB consider to be the timeline for those issues to have a significant impact? Is it five or ten years? We were talking about economic modelling. It is such a dynamic situation and so difficult to assess how it will play out. Is it possible to do sufficient economic modelling on those impacts?

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