Mr. Ken Cleary:

It is because of the funding source of the €20 billion. The proposed funding source for the €20 billion is emissions trading system, ETS, revenues and these are going to be split so that 75% will come from the innovation fund and 25% from front-loading ETS allowances. With the innovation fund – bear in mind this is complex - a certain portion of ETS revenues, about 1% to 2%, are earmarked for innovation in what we might say are less developed EU member states. A chunk of the funding for this €20 billion is coming from a funding package that would previously have been available only to non-Ireland or other, mainly eastern European, member states. The entitlement to the €20 billion is not strictly pro ratawith our population because of that funding source.