Ireland will have to spend as much as €150 million on carbon credits to make up for missing its 2020 greenhouse gas emission targets, the environment minister has said. Richard Bruton said that the credits were needed for 16 million tonnes of carbon emissions. The move could help the country to avoid larger fines for failing to meet targets. Ireland is about 95 per cent off course in meeting its 2020 targets, which involve reducing emissions by 20 per cent on 2005 levels. Mr Bruton’s announcement came as Ireland’s draft national energy and climate plan (NECP) was rated 38 out of a possible 100 points by the Ecologic Institute, an academic think tank, and Climact, a consultancy.
Times 16th May 2019 read more »