Micheál Martin (Cork South Central, Fianna Fail)

There is a global crisis of unprecedented proportions. We are talking about the worst economic depression worldwide since 1929. It is worth going back to look at what happened in 1929. Thankfully, this time the world powers are working collectively to deal with the crisis. That is something that did not happen back then, but with the co-operation of all states it may lead to a shortened depression this time. We must prepare for a global economic upswing and make sure we do the right things in this regard. That is why we have put significant supports into the smart economy, small businesses and enterprise over the years. It is why we transformed the research landscape of this country in the past ten years.

I recall that the budget for research in the Department of Education and Science in 1997 was nil. Through the programme for research in third level institutions and Science Foundation Ireland we have transformed the research landscape in this country. We did this because we want research to lead, ultimately, to new products and services and new ways of doing things. We want people outside Ireland to see it as a place to come to, where one can discover new produces and new solutions to global problems. In addition, we can achieve much in the emerging world of climate change and the green economy. We already have many companies, supported by Enterprise Ireland, who provide solutions to challenges that arise as a result of the need to reduce CO2 and deal with climate change. There is a need for greater emphasis on renewables, recyclables and so on.

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