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Thu 07 Jul 2008ESRI says Ireland cannot meet onerous EU emissions target
IRELAND CANNOT meet the onerous emissions reduction targets by 2020 set by the EU unless the most "lunatic" draconian measures are implemented, an Oireachtas committee heard yesterday.
Prof Richard Tol and Prof John Fitzgerald of the Economic and Social Research Institute (ESRI) told the Committee on Climate and Energy Security that a carbon tax would be the cheapest and most effective way of Ireland moving towards the targets. Prof Tol said its benefits were that it would be uniform, predictable and easily understandable.
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