Written answers
Tuesday, 23 July 2024
Department of Communications, Climate Action and Environment
Climate Change Policy
Mattie McGrath (Tipperary, Independent)
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111.To ask the Minister for Communications, Climate Action and Environment the outcomes the taxpayer can expect to see given the amount the State is projected to spend on achieving net zero. [33333/24]
Eamon Ryan (Dublin Bay South, Green Party)
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Climate breakdown threatens the continued safe existence of humanity on our planet. As global warming continues, adaptation strategies that are currently viable options will become more costly and less effective, if they are possible at all. Without urgent action, threats to a stable climate will reach irreversible tipping points that will irreparably undermine our current social and economic models, while taking action in response to the climate challenge presents an opportunity to transition to new sustainable social and economic models.
Climate Action Plan 2024 contains a preliminary estimate that approximately €119-€125 billion of capital investment (public and private combined) would be required in the period to 2030. The public share of this investment is set out in the National Development Plan. The benefits for Ireland include sustainable economic growth and job creation arising from the low-carbon transition; health improvements and reduced health risks (e.g. the shift to active travel) and significant additional environmental co-benefits (e.g. improved air quality).
The transformation is being actively managed by Government to ensure a just transition, and value for money from public sector investment.
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