Oireachtas Joint and Select Committees
Tuesday, 2 July 2024
Joint Oireachtas Committee on Climate Action
Circular Economy as it relates to Construction Sector: Discussion
11:00 am
Ms Marion Jammet:
We must also remember the cost of not acting in terms of climate fines and things like that. It will be important to take that into consideration if we miss our targets. That is why we need financial incentives to reduce the cost. There can be a financial incentive for innovation or other measures to provide better support for reuse. To give an example from another sector, there is a reduced VAT rate for repairing clothes and shoes in Sweden. There are other ways to ensure that the real cost is incorporated and we make these things more viable.