Oireachtas Joint and Select Committees
Wednesday, 17 April 2024
Joint Oireachtas Committee on Agriculture, Food and the Marine
Coillte CGA: Chairperson Designate
Ms Vivienne Jupp:
I am afraid I would need further information from Coillte to answer that. I will ask it to reassess it. Our plan for forestry is to increase the percentage of land used for forestry from about 11% to 18%, which is the target for 2050. In meeting that target, Coillte hopes to do 100,000 ha, which will mean it will have to acquire new land. This involves a very expensive process and there are many competing factors. That is the target we have set ourselves. As the Senator may be aware, we have set up a strategic forestry investment arm. Through the Irish Strategic Investment Fund, which is part of the NTMA, as the Senator well knows, one can avail of premiums and grants to plant trees. That helps us with the capital investment required to buy land and plant trees. It is a very expensive business.