Written answers
Wednesday, 28 February 2007
Department of Environment, Heritage and Local Government
Greenhouse Gas Emissions
10:00 pm
Michael Lowry (Tipperary North, Independent)
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Question 268: To ask the Minister for the Environment, Heritage and Local Government the sources, cost involved and details of companies from which carbon credits will be purchased in order to reduce penalties arising from the Kyoto Protocol; and if he will make a statement on the matter. [8024/07]
Dick Roche (Wicklow, Fianna Fail)
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I refer to the reply to Questions Nos. 103, 120, 132, 157 and 213 of 27 February 2007. It will be a matter for the National Treasury Management Agency, on enactment of the Carbon Fund Bill, to decide on the modalities for future purchases of carbon credits. In relation to the Kyoto Protocol commitment period 2008-2012, the Government has signalled its intention to purchase up to a maximum of 18 million carbon allowances. At an assessed average price of €15 per allowance, the total estimated cost is €270m.
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