Oireachtas Joint and Select Committees
Tuesday, 24 October 2017
Joint Oireachtas Committee on Agriculture, Food and the Marine
Renewable Energy Directive: Discussion
4:00 pm
Dr. Eugene Hendrick:
One cannot use it. It may potentially be used in a voluntary market but the amount of carbon that would be sequestered by forests in Ireland - incidentally, it is not all forests but a category of afforestation over 20 or 30 years depending on what is agreed between 2021 and 2030 - would be used for compliance. That is not a tradeable commodity at present in respect of Ireland's compliance. It is used for Ireland's compliance with its targets; it is not a traded commodity.