Eamon Ryan (Dublin South, Green Party)

That is not the right way to go and this is the fundamental new concept behind this document with which I do not agree.

I do not disagree with looking at a range of options for financing and funding. However, this new green economy is generating funding. The utility companies have set out their multi-billion investment plans and are raising revenue on the bond markets to pay for those investments. There is no shortage of capital and no credit crunch for this new, green economy because in every country it is seen as the solid, safe, clever investment for the future. It is happening and we have the funding available and the political direction, we have our regulatory and other systems pointing in this direction.

This gives me confidence that we candeliver this recovery through this green economy and protect our country from future oil shocks and climate change requirements. However, I do not see that this is in any way benefited or supported by the creation of a single quango, a super quango, beyond anything we have ever seen before, a multiple of the HSE that would have such difficulty, such incredible labour relations management problems——

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