Oireachtas Joint and Select Committees

Wednesday, 1 June 2022

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein) | Oireachtas source

I hope we will see them delivered. The report references the topic of the day, which is the rise in energy prices we are all talking about. Is there a prediction now that the energy crisis will lead to permanently elevated costs compared with the pre-Covid price trajectory? I only have two minutes left in my slot so what is the assessment of the witnesses of such a view? Do they expect fossil fuel energy prices to remain high throughout the decade relative to pre-Covid expectations? Has a floor on the price of carbon been cemented by these new dynamics?

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