Oireachtas Joint and Select Committees

Tuesday, 24 October 2023

Joint Oireachtas Committee on Climate Action

Citizens Assembly Report on Biodiversity Loss: Discussion (Resumed)

Mr. David Owens:

Again, I would think that would be the logical place to start, the State through the commercial semi-State bodies. NewERA guides the State's shareholder representation through all 30 of those commercial semi-State bodies. The ESB has a full taxonomy-line bond now. Coillte is again trying to raise money in order to invest it in a sustainable way. I think Coillte and Bord na Móna has 7% or 8% of the landmass.

To be clear, it cannot be done just by State actors. We must bring in private sector actors. Even our climate action plan targets would involve not only State land being rewetted or restored to nature in some way. That will require other instruments and tools, including European instruments but also potentially domestic ones.

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