Oireachtas Joint and Select Committees

Wednesday, 25 June 2025

Committee on European Union Affairs

Sustainable Development Goals: Discussion

2:00 am

Photo of Paul GogartyPaul Gogarty (Dublin Mid West, Independent)

If I had won that €250 million, besides a couple of housing projects, I would build that bunker on the side of a mountain very sustainable for a whole lot of extended family members and friends, but, ultimately, I am an optimist. In terms of painting the optimistic scenario for Ireland, we could be a net massive exporter to Europe of energy and we would not be importing. It would be done from offshore wind, as has been mentioned, and from wave technology which we have not invested in, all through a network that Irish companies would be leading rather than letting foreign companies come in and take all the profits.

We are a global country in a globalised world. Equally, we would still be able to fly everywhere because, through policy shifts, we would be using electric planes for short haul, and gradually develop into longer haul, and putting tariffs on fuels to create a more sustainable aviation network.

How realistic would such a scenario be? Given that we have a massive infrastructural deficit in terms of transport, housing and energy, should we borrow massively, and even breach the EU Growth and Stability Pact?

I know we have the €13 billion from Apple, etc., but Irish Water has stated we need €20 billion. Should we borrow on the basis that, in 30 or 40 years' time, we will need to be self-sufficient and we can then get the revenue from the AI heavy, energy heavy data storage companies? It is possible to have a win-win situation realistically?

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