Insurance costs will rise unless emissions cut, says Green Party

By Michael O’Farrell, Political Reporter FAILURE to drastically reduce Ireland’s environmental emissions will result in increased insurance costs to the public and industry, the Green Party warned yesterday.

Speaking at a press conference to outline the positive environmental and economic implications of a carbon tax, party leader Trevor Sargent said insurance hikes would be inevitable as flooding and weather changes cause increasing damage.

“The Government and the Irish people will face further massive insurance hikes that will come with the floods and weather changes predicted by the Environmental Protection Agency.