Financial and climate advisers have warned Ireland risks fines and other 'compliance costs' of up to €26 billion. Photograph: Getty
The calculation by finance and climate advisers of penalties Ireland faces for failing to meet emission targets has been labelled “back of the envelope stuff” by the Minister for Climate, Energy and the Environment.
The Irish Fiscal Advisory Council (IFAC) and Climate Change Advisory Council (CCAC) warned Ireland risks fines and other “compliance costs” of €8 billion-€26 billion for failing to sufficiently cut emissions by 2030 in line with European Uni
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