€20bn needed annually to achieve emission reduction targets

The IMF made the estimate recently 

The IMF said that while investment in climate-sensitive infrastructure is costly, it carries significant long-term benefits like lowering energy costs. Picture: AP Photo/Virginia Mayo. 

Agriculture is big business in Ireland, but is dwarfed by estimates of the potential price tag that accompanies the Climate Action and Low Carbon Development Bill 2021, say legal analysts.

The International Monetary Fund (IMF) recently estimated that Ireland will need to invest €20bn each year up until 2030 to achieve the emission reduction targets set by the government, noted Peter McLay, William Carmody and Vanessa Byrne of the Mason Hayes & Curran business law firm.