Enda Kenny (Mayo, Fine Gael)

I indicated to the Deputy that the initiative seeks to build upon the reputation of the IFSC as a leading global financial centre, developing Dublin as a global hub for green finance. I outlined the areas where green finance would be of importance and priority. The national policy has been laid out since 2000 and 2007, with the most recent strategy focusing on the measures that would be required to achieve compliance with the first commitment period of the Kyoto Protocol and on research and development of the measures necessary to reach the targets for 2020. As I indicated to Deputy Martin, Ireland is on course to meet its Kyoto targets through a combination of domestic emission reductions, supplemented by the use of carbon units, including units acquired through the protocol's flexible mechanisms.

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