Global menu

Our global pages

Close

Speed Brief – Climate Change Advisory Council presents two significant carbon budgets to Government

  • Ireland
  • ESG
  • Energy and infrastructure
  • ESG

27-10-2021

On Monday, 25 October 2021, the Climate Change Advisory Council (CCAC) presented two proposed five-year carbon budgets to the Minister for Environment, Climate and Communications, Eamon Ryan. The carbon budgets are part of a roadmap of actions that are set out in the Climate Action and Low Carbon Development (Amendment) Act 2021, which was signed into law in July this year.

The first carbon budget (which applies to years 2021 – 2025) is 295 million tonnes of Co2 equivalent, which will require an average emissions reduction of 4.8 per cent a year. The second carbon budget (which applies to years 2026 - 2030) is 200 million tonnes of Co2 equivalent, which will require an average emissions reduction of 8.3 per cent a year.

These are very ambitious targets considering Ireland’s emissions cut of 3.6 per cent last year, at a time when the economy and travel were significantly curtailed by COVID lockdowns and restrictions.

In terms of next steps, the proposed carbon budgets will go to Government and then to the Oireachtas for approval. The Oireachtas will be tasked with reviewing and approving these carbon budgets within a 4-month period, following which the Government will divide the overall budgets across various sectors including transport, energy and agriculture.

Full details on the carbon budgets can be found here.

For more information, please contact:

Mark Varian, Partner, Energy - MarkVarian@eversheds-sutherland.ie

Jennifer Burke, Senior Associate, Energy - JenniferBurke@eversheds-sutherland.ie

Phelim McGeady, Associate, Energy – PhelimMcGeady@eversheds-sutherland.ie