Mr. David Owens:

I might just very quickly go back to Senator Boylan's question. We in the Department of Finance have not done a risk assessment on the Energy Charter Treaty. I cannot speak for others. It is a voluntary standard and I think the standard is higher for gas than anything that is in place at the moment.

In response to Deputy Bruton, I will not speak for my colleagues in the Department of Public Expenditure and Reform except to say that I know in the national development plan it has been climate tagged. They have gone through the projects and done some work around that. Under the Recovery and Resilience Facility, from memory I think 37% must align with the "do no significant harm" elements of the taxonomy. It is not full compliance but it is in line with that.

We also have two other sources of green funds, namely the carbon tax, which is fully hypothecated for green purposes and underlies a great deal of the climate action plan, and the green bond. The National Treasure Management Agency, NTMA, has raised closed to €7 billion, all of which is allocated for green purposes. There is an annual allocation report, which is independently verified by a third-party company.