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Committee on Budgetary Oversight: Impact of Climate on Public Finances: Irish Fiscal Advisory Council (28 Feb 2024)

...of this, with significant flooding in Midleton this winter. Severe weather events also appear to now be more common, albeit this may be partially due to improved record keeping and weather instruments. As the EPA recently highlighted, these events are exposing an adaptation deficit in Ireland. Keeping global temperatures below 2°C of warming relative to pre-industrial levels...

Committee on Budgetary Oversight: Impact of Climate on Public Finances: Irish Fiscal Advisory Council (28 Feb 2024)

Rose Conway-Walsh: Should we be planning for the budgetary implications of failing to meet the targets? Based on EPA projections, the State will be on the hook for a cumulative €3.5 billion. What would that mean in annual costs by 2030?

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