Dáil debates

Tuesday, 9 November 2021

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

National Treasury Management Agency

8:30 pm

Photo of Denis NaughtenDenis Naughten (Roscommon-Galway, Independent) | Oireachtas source

Part of the problem is no one knows what green finance means. If Ireland, as a key financial centre, and the Central Bank leads by example and for this to happen throughout the EU, we could provide clarity on what sustainable investment is and the powers to hold financiers to account. We could help to revolutionise this sector and lead to an exponential drive to net-zero emissions. The International Financial Reporting Standards Foundation has announced it will develop a single set of standards on sustainability disclosure requirements. The adoption of this by the International Organization of Securities Commissions would transform the global financial markets. This needs to be spearheaded at EU level by the Eurogroup and EU finance ministers.


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