Laois TD lashes environment actions as €87 million is spent carbon credit 'charade'

Conor Ganly

Reporter:

Conor Ganly

environment

Laois TD and Chairman of the Dáil Public Accounts Committee Seán Fleming.

Ireland's approach to reducing carbon emissions is a "charade" that is costing millions each year, according to Laois TD Sean Fleming.

Speaking in his capacity as chairman of the Dáil Public Account's Committee Deputy Fleming also said  Ireland's it is buying carbon credits from other countries to "pretend we are coming in under target".

He said doing this was it was the "biggest act of gross hypocrisy" when it comes to meeting Ireland's environmental targets.

Dep Fleming said the National Treasury Management Agency, which manages Ireland's debt, buys credits for Ireland. More below tweet.

He quoted from a letter by Mark Griffin, Secretary General of the Department of Communications, Climate Action and Environment to the PAC.

"The NTMA has already spent €86.8 million of Irish taxpayer's money purchasing these credits which is horrific. That is to avoid the fines," he said.

A further €6-13 million could have to be spent buying credits by 2020 if targets are not met.

He said it was equally upsetting was the cost of not meeting renewable energy production targets.

"It could cost another €60 million to buy our way out of pretending we are meeting our environmental targets," said the Fianna Fáil TD.