Taxpayers facing €7bn bill for missing carbon emissions targets

Taxpayers facing €7bn bill for missing carbon emissions targets

The spend on carbon credits would represent more than treble the cost of the National Children’s Hospital with the benefits going to countries that have spare carbon credits

The state is facing the prospect of paying out almost €7 billion in ‘dead money’ if it continues to miss its carbon emission targets over the next decade, according to new figures.

The spend on carbon credits would represent more than treble the cost of the National Children’s Hospital with the benefits going to countries that have spare carbon credits.

It comes ahead of the launch of the government’s climate action plan in the Grangegorman...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post