Five-year 'carbon budgets' to lead country to carbon neutrality by 2050

Key elements of the Climate Action Bill were unveiled jointly by Taoiseach Micheál Martin (centre), Tánaiste Leo Varadkar (right), and environment minister Eamon Ryan (left).

Successive five-year 'carbon budgets' form part of the newly unveiled Climate Action Bill, where limits will be set on the combined sectors of society on the amount of emissions that can be produced, with the aim of being carbon-neutral by 2050.

The first such five-year budget is set to begin this year, followed by two more, and will ask the public, motorists, industry and agriculture to contribute to reach the 30-year target.