Cathal Crowe (Clare, Fianna Fail)
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184. To ask the Minister for Housing, Planning, and Local Government the estimated first- and full-year costs of implementing measures under the EU Nature Restoration Law; and if he will make a statement on the matter. [37149/24]

Malcolm Noonan (Carlow-Kilkenny, Green Party)
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The EU Nature Restoration Regulation provides an opportunity for transformative change in relation to achieving nature restoration in Ireland and the EU as a whole. Healthy ecosystems provide food and

It is difficult to calculate an accurate cost of compliance with the Regulation due to a myriad of factors, including current available data, quantification of areas affected/to be restored, monitoring of data and impact of the overall restoration obligations on areas beyond the Natura network. The regulation encompasses a wide range of land uses including urban, agricultural and afforested landscapes, both in State and private ownership. It has policy, legislative and sectoral implications across many Government Departments.

An assessment of cost and benefits of compliance Regulation will form part of the development of the National Restoration Plan. An assessment of how allocations under existing programmes can be maximised to support achievement of the objectives will be undertaken and budgets additional to existing funding instruments will need to be considered.

New funding mechanisms will be examined, such as models that leverage private finance, and those that incentivise nature restoration actions to be delivered by non-governmental sectors.