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

The recent IPCC report is an important statement on international science's understanding of the climate system and climate change. Its publication could not be more significant or timely. It details the increasingly dangerous future that is ahead of us unless action is taken by all of us now. The Climate Action and Low Carbon Development (Amendment) Act, which was passed in July 2021, requires the Government to adopt a series of economy-wide, five-year carbon budgets, including sectoral targets for each relevant sector on a rolling 15-year basis, starting this year. The next stage of the process will be the preparation of regulations and carbon accounting, in consultation with the Climate Change Advisory Council, CCAC, and consistent with the Paris Agreement and EU rules. This will be followed by the production of carbon budgets by the CCAC. These carbon budgets will be presented to the Oireachtas and then approved by the Government. The Government will then set sectoral emissions ceilings, determining how each sector of the economy will contribute to the achievement of the budgets.

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