logo
The Irish Times view on climate policy: Government must avoid backsliding

The Irish Times view on climate policy: Government must avoid backsliding

Irish Times2 days ago
Methane arising from agriculture and the fossil fuel industry is a notorious greenhouse gas, contributing significantly to global warming. While it breaks down relatively quickly in the atmosphere – unlike carbon dioxide – it is a serious threat to climate stabilisation. The quicker it is reduced, the more global average temperatures can be cut.
Much can be done to reduce methane releases in oil and gas production, but it is much more challenging in agriculture. Livestock exporting countries like Ireland and New Zealand are supporting a new approach to classifying methane which is gaining political traction. This is based around achieving national 'temperature neutrality', also known as 'no additional warming'.
The Government has yet to take a formal position on the concept. Significantly it got the backing of the Climate Change Advisory Council, its key advisory body. It chose to interpret Ireland's legally-binding climate neutrality obligations
in terms of temperature neutrality
– rather than the more onerous target of 'net zero emissions'.
An international study
, published in the Environmental Research Letters journal this week, has questioned this approach. It says that it 'grandfathers high emissions from wealthy, livestock-exporting nations', shifts the burden of cutting emissions to others, and limits space for lower-income countries to grow food systems. The approach fails on food security grounds, with trade data showing most exports serve high-income markets. This risks locking in inequality and misses 'a critical opportunity to reduce peak warming'.
READ MORE
The most concerning finding was highlighted by lead researcher Dr Colm Duffy of the University of Galway: 'If every country adopted a temperature neutrality target, we'd seriously jeopardise the Paris agreement's goal of limiting warming to 1.5 degrees or even 2 degrees.'
The Government is in a bind on this. How methane is regarded in policy terms has big implications for carbon budgets up to 2040, which must be signed off on soon.
Climatologist Prof John Sweeney has argued that the shift, which reduces the required emissions reduction target, is not aligned with scientific recommendations and could hinder Ireland's ability to meet its climate goals. The study emphasises that governments must set targets that are internationally credible and farmers need to be supported within a national framework, rather than targeted for blame.
The bottom line is that Ireland will not meet the global climate challenge by redefining climate targets. Ireland has yet to deliver an honest appraisal of what a genuinely climate-neutral, sustainable and resilient agricultural sector could look like in coming decades. Avoiding this issue would amount to backsliding on vital climate action.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Healy-Rae backs Heather Humphreys to enter presidential race after shock McGuinness withdrawal
Healy-Rae backs Heather Humphreys to enter presidential race after shock McGuinness withdrawal

Irish Times

time21 minutes ago

  • Irish Times

Healy-Rae backs Heather Humphreys to enter presidential race after shock McGuinness withdrawal

Independent minister Michael Healy-Rae has backed former Fine Gael minister Heather Humphreys to run for President of Ireland. Mr Healy-Rae was speaking as Fine Gael prepared to find another candidate in the wake of Mairead McGuinness 's shock exit from the presidential race, on health grounds. Ms Humphreys, a former minister who did not run in last year's general election, has emerged as a favoured candidate among the Fine Gael parliamentary party. Ms Humphreys said in May that she was not interested in running for President, but there are hopes within her party that she may be open to changing her mind. Mr Healy Rae told RTÉ News on Friday that Ms Humphreys would have a 'broad appeal.' READ MORE 'Quite simply because she's a very well grounded person, what I would call a sound, solid political performer. She'd be an excellent person both nationally and internationally to fly the flag for Ireland. I would consider her a very safe, sound pair of hands,' Mr Healy-Rae said. 'I've seen her during Dáil debates, taking Leaders' Questions and I would consider her to be very professional, very respectful about the way she carries herself, and she would have very broad appeal throughout the country.' Ms Humphreys may have to contest the Fine Gael nomination should she choose to run. Mairead McGuinness was nominated unopposed, but other senior politicians had been linked with a run. [ After Mairead McGuinness dropped out, where do we stand in race for the Áras? Opens in new window ] In July, Fine Gael MEP and former GAA President Seán Kelly ruled himself out and said that deciding not to run for president was the 'most difficult decision' of his political life. Frances Fitzgerald, a former MEP and senior minister, said in April that while she had given it serious consideration she would not be seeking her party's nomination. The Fine Gael Executive Council is expected to meet this weekend to decide its next steps ahead of the presidential election, which is broadly expected to be held in late October. Independent senator Michael McDowell said that he had been contacted by a number of people in the wake of Ms McGuinness's departure from the race asking him to reconsider his decision not to contest the presidency. 'There aren't any circumstances in existence that would make me do it,' he said, adding that he thinks he is 'more useful' outside of Áras an Uachtaráin. Mr McDowell declined to name those approaching him, but said 'you'd be surprised'. 'But it's not Simon Harris or Micheál Martin.'

Banks are making obscene profits – we should tax them to fund cost-of-living package, says Sinn Féin's Pearse Doherty
Banks are making obscene profits – we should tax them to fund cost-of-living package, says Sinn Féin's Pearse Doherty

Irish Independent

time9 hours ago

  • Irish Independent

Banks are making obscene profits – we should tax them to fund cost-of-living package, says Sinn Féin's Pearse Doherty

AIB and Bank of Ireland have made combined profits of €5bn this year but will pay little or nothing in Irish corporation tax on the profits, Sinn Féin finance spokesman Pearse Doherty said. This is because they are allowed to carry forward losses incurred during the banking collapse and set them off against any corporation tax they owe. Mr Doherty called for the law to be changed to stop investors in the banks pocketing billions of euro in dividends. If the profits of the banks were fully taxed, it would fund energy credits for families this winter, he added. 'There is something rotten at the core of our economy when banks can extract €5bn in profits and pay essentially no tax,' Mr Doherty said. The two banks have a combined corporation tax liability of just €39m for 2024. Obscene profits have been made over the last year The Donegal TD said the Government needs to 'stop facilitating the banks to avoid paying taxes on profits' they have made off the back of ordinary workers. 'Obscene profits have been made over the last year as banks heaped more pressure on workers and families during a cost-of-living crisis,' he added. The Government has said it will not be paying out a cost-of-living package, which included energy credits last year, in this October's budget. Mr Doherty said: 'The two big banks in the State, AIB and Bank of Ireland, ­boasted a combined profit of €5bn in 2024. ADVERTISEMENT 'We know from their financial statements that they now plan to not pay fair taxes on these unjustified profits – profits that are just the result of jacking up mortgage rates and short-changing savers.' Mr Doherty referenced the ­annual report of Bank of Ireland, which he claimed shows it plans to pay less than 2pc of its profits in tax, just €31m in Irish corporation tax. 'But it gets worse,' he said. 'AIB plans to pay just 0.3pc in corporation tax, or just €8m, to the Irish public on the profits they made in 2024.' He claimed this means Bank of Ireland is avoiding €221m in taxes, and AIB is avoiding paying €319m, even under Ireland's generous corporate tax rate of 12.5pc. 'That's over half a billion euro that could be helping workers and families through the cost-of-living crisis that is being siphoned off into corporate coffers and investors' pockets.' He said AIB and Bank of Ireland avoid paying tax on their bumper profits by carrying forward losses they have incurred in the wake of the financial crash and the subsequent bailout. The bailout is a gift that keeps on giving Mr Doherty said Ireland is an outlier in effectively applying no limitation on corporations carrying forward losses. He said the ability of bailed-out banks to avoid paying tax should end. 'The bailout is a gift that keeps on giving. And the Irish public keeps on paying,' he said. 'Government-sanctioned corporate profiteering needs to end. 'Banks must be made to pay their fair share of taxes.' The Department of Finance said what it called 'loss relief for corporation tax' is a long-standing feature of the Irish corporate tax system and a standard feature of corporation tax systems in all Organisation for Economic Co-operation and Development (OECD) countries. 'It recognises the fact that a business cycle runs over several years and that it would be unfair to tax income earned on profits in one year and not allow relief for losses incurred in another,' it said. Loss relief works by allowing a deduction for losses incurred in one accounting period against profits earned in another period. AIB said it is a very long-established part of Irish tax legislation that a business that makes a loss can offset that loss against its profits in later years and that is standard across all sectors. The bank added it adheres to all tax laws and rules and makes a significant tax contribution. 'In 2024, the total amount of taxes and levies paid and collected by AIB was €763m, with €376m of that paid by the group itself and a further €387m collected from employees, customers and shareholders, and paid over to the tax authorities,' it said. It said that as a result of changes announced by the finance minister in the budget in October 2023, AIB's bank levy payment has increased from €37m in 2023 to €94m in 2024, with a further levy of €94m to be paid in 2025. Bank of Ireland said that for last year, it will pay around €116m in Irish corporation taxes and levies made up of €31m in corporation tax and €85m for the bank levy. Since its introduction in 2014, Bank of Ireland has paid €404m for the bank levy. The group also pays taxes on profits generated in other jurisdictions. Bank of Ireland Group said, like any other company, it is allowed under the law and the tax codes to carry forward trading losses and utilise them against future trading profits. Changing the rules risks making Ireland a less attractive location for inward investment.

Fossil fuels behind over 80% of Irish energy use last year
Fossil fuels behind over 80% of Irish energy use last year

Irish Times

time9 hours ago

  • Irish Times

Fossil fuels behind over 80% of Irish energy use last year

Ireland relied on fossil fuels for more than 80 per cent of the country's energy consumption last year, despite ongoing efforts to decarbonise, new figures show. Wind and solar power , meanwhile, generated more than 40 per cent of electricity used in the Republic, ranking it eighth out of the world's top 10 countries for its use. The data is contained in a report from global body, the Energy Institute, published on Friday. Fossil fuels accounted for 81.4 per cent of overall Irish energy consumption last year, an increase of 0.7 per cent on 2023. READ MORE The Energy Institute's statistical review of world energy showed the Republic used 148,700 barrels of oil a day last year, up from 147,500 the previous year. Continued reliance on oil and gas to power transport and manufacturing partly accounted for the dependence on fossil fuels, said James Delahunt, head of energy & natural resources, Ireland, with accountants KPMG, which collaborated on the institute's report. He argued that the findings 'underscored the need to prioritise policies' to deliver renewable energy. [ Public 'unsure what big switch to clean energy means and how to play their part' Opens in new window ] Despite the levels of fossil fuel use, Mr Delahunt said the report also confirmed the State was making progress in boosting green energy use and cutting carbon dioxide emissions . 'The statistical review shows that Ireland has the capability and resources to build on the successes delivered in 2024,' he said. According to State body, the Sustainable Energy Authority of Ireland , total greenhouse gas emissions last year fell 2 per cent to 53.75 million tonnes. Tony Lowes, of Friends of the Irish Environment, argued that the Energy Institute's report demonstrated the Government's continued failure to meet legal obligations to make specific plans to cut emissions in line with the Paris Accord. A spokeswoman for the Department of Climate, Energy and the Environment said that the Government had pledged to cut reliance on fossil fuels and reduce greenhouse gas emissions by 51 per cent from 2018 to 2030. Under the Paris Agreement, Ireland faces fines estimated at up to €26 billion if it fails to cut emissions by that amount in 2030 and reach 'net zero' by 2050.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store