Oireachtas Joint and Select Committees
Tuesday, 5 November 2019
Public Accounts Committee
2018 Annual Report of the Accounts of the Public Services
Chapter 9 - Greenhouse Gas-Related Financial Transactions: Discussion
8:10 pm
Dr. Miguel Tovar Reaños:
As I said, the model is showing us that people will reduce the demand of certain commodities. We identify who is suffering more for these things and a loss in comfort. We put a price on that as is the normal methodology in economics. We put a price on people deciding to reduce demand to a certain level and it will cost them a given amount of money.