Phil Hogan (Carlow-Kilkenny, Fine Gael)

——and that there will, as he rightly pointed out, be a serious change from the ESRI's forecast. There is an estimated contraction of 8% or 9% in the economy in 2009. Nevertheless, we must still do certain things in order to ensure that we achieve our objectives. When will work begin on a new national climate change strategy? Will the Minister indicate, notwithstanding the economic situation, what the likely, if any, purchase of credits will be over the next few years until 2012?

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