Oireachtas Joint and Select Committees

Wednesday, 24 October 2018

Joint Oireachtas Committee on Climate Action

Third Report of the Citizens' Assembly: Discussion (Resumed)

1:30 pm

Mr. Maurice Buckley:

To pick up on some of the other points, in terms of the payback on the further investment of €1 billion, all the schemes I have spoken about - the 118 new schemes as well as the existing schemes - must go through a rigorous cost benefit assessment. Obviously, they have to cut the mustard in terms of protection of human life but also protection of property. The primary criterion is the residential property that can be protected by any of the schemes. There are then secondary benefits in terms of the quality of life in communities, agricultural benefits and so on. Each scheme must meet the strict criteria we put in place, in other words, there will be a payback in excess of the cost we are investing.