Mr. Michael O'Leary:

The Irish Government undertakes with the European Union that it will apply those ETS revenues for climate reduction measures. We would say, obviously, that the best climate reduction measure here would be to subsidise Ryanair's aircraft investment because they burn 16% less fuel and have Scimitar winglets. However, if it does not want to subsidise our huge capex, capital expenditure, we would say to use that money to provide sustainable aviation fuels at the three main Irish airports, Shannon, Cork and Dublin, and require all airlines operating at those airports to uplift a proportion of sustainable aviation fuel, and it becomes a circular thing. The people who are paying under ETS see some benefit in having more sustainable aviation fuel at Cork, Shannon and Dublin, and at Knock. We should use the money for identifiable climate reductions measures.