Mr. Eamonn Confrey:

Yes. That is based on its analysis which was published in recent weeks. We can argue about whether we will get there but, as I said at the outset, we have significant challenges in both heat and transport. It is fair to say we are probably looking at a shortfall.

The Deputy asked about the cost. They are estimates at this stage. The Sustainable Energy Authority of Ireland, which has looked at this, has indicated to us that for each percentage point we fall below the 16%, the cost estimate is in the range of about €100 million to €150 million. What can we do about that if we find ourselves under the target by 2020? There are co-operation mechanisms, called statistical transfers, under the existing 2009 directive. In essence, it means Ireland could trade with other member states that have overachieved. We are at the early stages of analysing what that would require in terms of a legislative framework and our ability to trade. We are one of perhaps four member states, based on the report I have referenced, that are unlikely to hit their targets by 2020. It would allow us a mechanism to purchase our credits on the markets. We will understand what the likely cost of that may be as we get closer to 2020. I hope that has answered the Deputy's question about the 16%.