Oireachtas Joint and Select Committees

Tuesday, 24 October 2023

Joint Oireachtas Committee on Climate Action

Citizens Assembly Report on Biodiversity Loss: Discussion (Resumed)

Mr. David Owens:

The State is well aware of that €125 billion on deposit. Perhaps one sixth of that money is related to the pandemic. The Central Bank estimated that pandemic savings account for €20 billion or €25 billion of that. The State is interested in drawing that money into climate positive spending.