Charlie McConalogue (Donegal, Fianna Fail) | Oireachtas source

I would not agree. I outlined in my initial response the activity that has been ongoing for a significant period, or since 2014, regarding carbon assessments, on-farm navigators that have been developed and carbon-footprint calculations that have been done in this regard. I agree with the Deputy that it will be really important for farmers to have an income stream from the sequestration of carbon.

The EU is developing the platform on which carbon trading will work. It will be important to be able to step that out at national level. It will be key to have farmers benefit from that. Teagasc is doing a lot of research on how we can measure carbon capture and sequestration. The accurate measurement of sequestration so it can be monetised is one of the challenges. However, there is a lot of potential. It is something we have to continue to step out.

See this speech in context