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

It instead guarantees, to the best extent possible, that we deliver on our fair share of the global effort, in essence, providing real climate justice.

Of key significance in this Bill is the embedding, in a statutory process, of carbon budgeting and sectoral emission targets. Carbon budgets will explicitly cover the whole economy, include all greenhouse gases and provide a ceiling of total emissions allowed within a five-year period. Three consecutive five-year carbon budgets are set once every five years as part of a rolling carbon budget programme, with the third five-year plan and the later carbon budget of each series set as a provisional budget. This means it can be reviewed and revised in finalising the next carbon budget programme.

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