Oireachtas Joint and Select Committees
Tuesday, 18 June 2019
Committee on Budgetary Oversight
Budgetary and Fiscal Implications of Climate Change: Discussion
Mr. Kevin Brady:
Rather than fines, we are looking at a statistical transfer purchase from another country. As I described earlier, the estimates we have are based on the trades that have been done. We are at a level of approximately €20 million to €25 million per percentage point. The latest estimates have Ireland dropping three percentage points short, which gives a range of €60 million to €75 million. Again, I stress that this is an estimate based on a trade made between two other countries. We cannot know until any such trade is negotiated and agreed what the cost will be for the State. The figures I gave are very much for indicative purposes.