Mr. David Owens:

I think the regulation is corralling investment towards these purposes. The question for our sister Department – the Department of Public Expenditure, National Development Plan Delivery and Reform, and for the spending Ministers - is how much they want to allocate to these things and how clearly they see the benefit, whether it is a political benefit, social benefit or environmental benefit. The benefit purely in euro from some of these purposes is not immediately evident. That is critical, but at the same time we can all see that the atmosphere has literally changed in the investment community. Through Skillnet Ireland, the Department of Further and Higher Education, Research, Innovation and Science, spent quite a lot of money educating private sector personnel about sustainable finance, environmental finance, climate finance and how to meet all the requirements that are coming from the European Green Deal disclosures and the sustainable finance reporting directive, etc. That is money very well spent because it also adds to raise the awareness in the financial services community about how important such investments are.