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Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: The EU ETS is the other matter I wanted to talk about. We might come to that.

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: It is an ongoing issue.

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: That kind of moves us on to the ETS. I thank the witnesses for raising it. I know they have many opinions about it. The 2022 agreement signalled a new era. It is welcome that it will tackle some of the issues relating to the aviation industry, but it also signals that buildings, construction and road transport will be included in a way that has not been done previously. Will the changes...

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: It will have a knock-on effect.

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: We talked a little about either phasing out the credits or free allocation. At the time, the process was criticised somewhat for being too slow. Do the witnesses share the concerns in this regard?

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: Does the Climate Change Advisory Council agree?

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: I agree. I am from a construction background. I was around at the time of the implementation of the first energy performance of buildings directive. I am thinking about all the knock-on effects it will have in the context of retrofitting and new builds. Those kinds of policies reverberate through the industry very quickly. On the issue of what has been called a carbon border, the idea...

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: Does Professor Fitzgerald accept my concern about whether we are creating a citadel of Europe, with a border around it that others shall not pass, and that it would be difficult for emerging economies to break into the market?

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: If they do it in a green way-----

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: The devil is always in the detail in terms of implementation. Would anyone from the ESRI like to comment on that idea?

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: I can imagine it might operate as a mechanism to force other economies outside Europe to change.

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: Absolutely. I do not see any other people indicating to ask a question so I will give them one last chance. As no one else is indicating, that is all the questions for tonight. It just remains for me to apologise again for the delay due to the vote in the Dáil. I thank our witnesses for attending.

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (1 Mar 2023)

Barry Cowen: Very briefly, Deputy.

Written Answers — Department of Health: Hospital Appointments Status (7 Mar 2023)

Barry Cowen: 548. To ask the Minister for Health the status of the case of a person (details supplied); and when they can expect an appointment with an orthopaedic surgeon, Midland Regional Hospital, Tullamore, County Offaly. [10943/23]

Committee on Budgetary Oversight: Stability Programme Update: Discussion (22 Mar 2023)

Barry Cowen: As we started late today due to the voting block in the Chamber, I ask for members' agreement to defer the private business until next week. Is that agreed? Agreed. I welcome Dr. Conor O'Toole, Dr. Kieran McQuinn and Ms Wendy Disch from the Economic and Social Research Institute, ESRI. Before we begin, I wish to explain some limitations to parliamentary privilege and the practice of...

Committee on Budgetary Oversight: Stability Programme Update: Discussion (22 Mar 2023)

Barry Cowen: I thank Dr. McQuinn for that comprehensive opening contribution. I will now open the meeting to our members, following our usual rota. I call Deputy Doherty.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (22 Mar 2023)

Barry Cowen: I thank Deputy Doherty. We will move on to Deputy Boyd Barrett.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (22 Mar 2023)

Barry Cowen: This is particularly relevant for Ireland because it so often happens to us that our corporation tax exceeds what we expected.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (22 Mar 2023)

Barry Cowen: Can that be linked to our new 5% increased annual spending rule?

Committee on Budgetary Oversight: Stability Programme Update: Discussion (22 Mar 2023)

Barry Cowen: Dr. McQuinn mentioned the sectors of pensions, climate change, housing and health in his opening statement. There is a major difference because they often fit in very different categories of capital expenditure and pensions are a world unto themselves.

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