Thursday, 4 November 2004

Questions (100, 101)

Billy Timmins

Question:

86 Mr. Timmins asked the Minister for the Environment, Heritage and Local Government if he expects Ireland will need to purchase on the international market quotas to avoid fines under the Kyoto Protocol; and the amount he expects Ireland will need to spend on such quotas; and if he will make a statement on the matter. [27565/04]

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Gerard Murphy

Question:

88 Mr. Murphy asked the Minister for the Environment, Heritage and Local Government if he expects Ireland will need to purchase on the international market quotas to avoid fines that will accrue due to its non-implementation of the Kyoto Protocol; the amount he expects Ireland will need to spend on such quotas; and if he will make a statement on the matter. [27564/04]

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Written answers (Question to Minister for the Environment, Heritage and Local Government)

I propose to take Questions Nos. 86 and 88 together.

The Government's approach to meeting Ireland's greenhouse gas emissions target under the Kyoto Protocol includes the purchase of carbon allowances. The estimated amount of allowances to be purchased is equivalent to 3.7 million tonnes of emissions per year in respect of the protocol commitment period 2008 to 2012. As the allowances will be bought on the international market, the cost will be dictated by the market price at the time of purchase.