Government wrote off €2.5m in carbon credits after EU rule change, Dáil committee told

The Department of Environment wrote off close to €2.5m in carbon credits after a change in EU legislation meant they could no longer be used to offset penalties from missed climate change targets.

The 702,000 credits were initially purchased by the State as part of a far larger tranche of credits in response to Ireland’s adoption of emission targets under the Kyoto protocols in 2007.

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