Dr. Frank O'Mara:

I am, but I will contribute briefly about carbon markets, which I know very little about so it is always dangerous. The type of figures we discussed earlier in the session were carbon at ten tonnes or 20 tonnes per hectare and a carbon price of €100 per tonne of CO2. I understand that is the price being paid on the emissions trading scheme or it tends towards that, but on the voluntary carbon market, the price is approximately one tenth of that. I understand that, currently, agriculture and land use are not in the emissions trading scheme and if carbon is sold out of agricultural land use into the emissions trading scheme, the reduction in carbon can no longer contribute to the targets for the agriculture, forestry and land use sector. This whole area is quite complex and I do not know enough about it to be definitive but I caution that the type of figures we think are there might not be available at this stage in the markets. We are on a pathway to bringing forward schemes around carbon farming. I would not like the expectation of farmers to be that €3,000 to €6,000 per hectare will be available.