Eamon Ryan (Dublin Bay South, Green Party)
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There is no allocation to the carbon fund this year. In previous years, the National Treasury Management Agency, NTMA, purchased energy credits to meet Ireland's international emissions reduction requirements. There is no such requirement this year. That is why it features as a zero item under the subhead. The allocation was €2.9 million in the previous year. Compliance costs relating to the climate targets for 2030 are more likely to arise in the latter part of this decade. There are not yet any immediate costs to the State in that regard.