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.