Oireachtas Joint and Select Committees

Tuesday, 30 May 2023

Joint Oireachtas Committee on Climate Action

Liquefied Natural Gas and Oil Prospecting: Discussion

Mr. Gergely Moln?r:

A lot will depend on the demand trajectories we are undertaking in terms of overall energy demand, and also on the speed at which we scale up renewable energy sources. This depends on a number of factors, but it is important to highlight that policy makers have an important role to play in that respect. Where capital and investment flows are moving we see some optimistic signs, but it is also clear for us that more effort is needed to put the world on track for net zero by 2050. This is the welcome scenario from the perspective of mitigating the impacts of global warming.

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