Dáil debates

Thursday, 16 July 2020

National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Committee and Remaining Stages

 

2:10 pm

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

I fully agree with Deputy Naughten that energy efficiency has to come first. However, I must say this to him - he is aware of this - the expertise in that area does not reside within NORA, whose specific task under international law is in how one purchases and stores oil products. The agency does not have the expertise for energy efficiency. The expertise for that resides within the Sustainable Energy Authority of Ireland and in my Department. I agree that issue needs additional funding but this Bill is not designed to do all that. This Bill is designed to take some of that revenue that is available and to deploy it in particular climate projects. I accept that the other work has to be done but to my mind it does not make sense to turn NORA from being the oil storage agency into the energy efficiency expert agency.

I say to Deputy Healy-Rae that there is no increase on any charge involved in this legislation.

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