Cliff Taylor: Who will pay the massive bill for climate transition?

The Climate Action Plan makes no specific commitment of additional State spending but make no mistake, more cash will be needed

With just €1.3 billion allocated up to 2025 for retrofitting support for private households in the National Development Plan, billions in extra State cash is going to be needed in the years ahead

With just €1.3 billion allocated up to 2025 for retrofitting support for private households in the National Development Plan, billions in extra State cash is going to be needed in the years ahead

An old friend used to have some advice for people when something dramatic happened to their employer, or the area they worked in. “Let’s look at this from the widest possible viewpoint,” he would say. “What does it means for you?”

And so while people generally display a commitment to the goal of cutting carbon emissions, the worthy words and big promises at Cop26 can seem a long way off. The Government’s Climate Action Plan starts to translate the commitment to reduce carbon emissions into what actually needs to happen. And Sinn Féin’s initial reaction was interesting, focusing straight away on the potential burden for households.

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