Dr. Martha O'Hagan-Luff:

I might talk about the Deputy's question on offsetting, and Dr. O'Mahony may want to come in afterwards. We have had a market in carbon credits and there has been a lot of scandals in that market. Credits were being sold, sometimes, to multiple investors and sometimes the product did not even exist. The credits were often in far-flung places in South America or Africa, etc., so there was a real problem with verifying and auditing them. The advantage of the biodiversity credits is they go past just climate, because the conversation has broadened and is about climate plus biodiversity loss. They are focused on biodiversity loss, are results-based and are local. We worry about the deforestation in the Amazon, but the deforestation happened in Ireland, though much sooner. We need to restore our ecosystems, but at least we have that verification that it is local. The national capital accounts are crucial then for looking at the return on investment and for monitoring the impact of those investments.