Oireachtas Joint and Select Committees
Tuesday, 24 October 2023
Joint Oireachtas Committee on Climate Action
Citizens Assembly Report on Biodiversity Loss: Discussion (Resumed)
Marc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source
The other part of the equation is the smaller and personalised green bonds. As I said earlier, I know Hong Kong was moderately successful in that regard and the UK was less successful because of the interest rate attaching. It might be small beans in the grander scheme of things but I think there is an importance in terms of the sense of agency, or the lack of it, that people have and which we spoke about earlier. We also have €150 billion sitting on reserve in Irish banks and not doing particularly well because of the interest rates. Even a very small proportion of that would eclipse the size of the climate and nature fund if we could structure it so that people could make investments in that way. What potential exists there?
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