Dáil Éireann Debate, Thursday - 8 March 2012
35 Deputy Jonathan O’Brien asked the Minister for the Environment, Community and Local Government the funds that have been drawn down from the World Bank carbon funds for the years 2010, 2011 and for the first two months of 2012; his views that it will be necessary to draw down further funds for the rest of 2012; and if so, the amount of same. [13079/12]
Amharc ar fhreagraIreland does not draw down funds from the World Bank carbon funds. In January 2007, the Government entered into an agreement with the World Bank to invest €20 million in two of its carbon funds; €10m each in the Carbon Fund for Europe and the BioCarbon Fund. Payments on foot of this investment are handled by the National Treasury Management Agency, on behalf of my Department, under the Carbon Fund Act 2007. Actual payments to the World Bank in 2010 and 2011 were €1,405,838 and €1,903,632 respectively. No payments to the Bank were made in the first two months of 2012.
