Oireachtas Joint and Select Committees

Wednesday, 1 March 2023

Joint Oireachtas Committee on Agriculture, Food and the Marine

Forest Policy and Strategy (Resumed): Discussion

Ms Bernie Gray:

The two key challenges are land and capital. Even with access to premiums, there is still a significant challenge for us. The cost of increasing afforestation by 100,000 ha is about €2 billion. It has to be said that it is over a long period, but the issue concerns where the capital will come from. This is a national objective, not just Coillte's. Our meeting of our objective represents only a fraction of what is required to meet the overall national objective. The challenges for us are mirrored in the other sectors that also have to play a role. Capital is the major impediment but the availability of land is another.