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:
Okay, so we are talking about a prize bond sized green bond. I cannot speak for the NTMA or my State financing section colleagues in the Department but I guess that if a proposal was made around that, they would look at it. Something has been talked about previously in this space but the point is that an additional piece of work is required. At the moment, we sell prize bonds or savings certificates and that is it but with a green product, we have to stand it up, validate it and assure it. An audit would have to happen and be repeated.