Mr. Tom Healy:

The Deputy made a fair point. There is a role for corporations to contribute. It is a matter of how that is done. A carbon tax, by its nature, is a tax on the consumption of certain products, such as oil and gas. The important point is that households also have a contribution to make, but the way this is achieved is crucial.

Corporate contributions comprise a much bigger challenge. It is a European challenge and that is one reason the European Union has an important role to play here. It could be that some form of consolidated common tax base, which I know is controversial, would have a role. There is a link here. Some of that could be linked to a Europe-wide investment programme in decarbonisation. That could be one channel through which corporations, particularly large multinational corporations, could make a contribution.