Ireland’s bill to curb climate change could top EUR1 billion
The Irish government has revealed that the cost of complying with the Kyoto protocol’s targets to reduce greenhouse gas emissions will be a quarter of a billion euros per year, reports the Press Association.
Environment minister Martin Cullen said that Ireland would face an annual bill of €260 million over five years to reduce the country’s emissions to below 1990 levels. But he warned the alternative would be a €1.2 billion fine within a decade.
Cullen said the charge to the individual would be low if the cost was spread across every sector, but added that Ireland was currently 23% above 1990 emissions level and heading for 37%, meaning that a carbon tax would only go part way to meeting Kyoto targets.
“The average in Europe per person of carbon dioxide produced is about 10lb; in Ireland it is 17.7lb, so we have a very serious problem,” he said.
A spokesperson for the Irish Department of Environment told edie that ministers had yet to finalise the figures.
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.