Fintan O’Toole: Wir steuern auf die zweitgrößte Finanzkatastrophe in der Geschichte des Staates zu

>According to the Climate Change Advisory Council, just before the election, “the cost of failing to meet EU targets could exceed €8 billion for the period up to 2030”.

>Except this seems way too cheery. IFAC has now upped the cost to a possible €20 billion. Here’s what it says: “If Ireland fails to reduce its emissions, as it currently looks set to by a wide margin, it may have to transfer large amounts of money to neighbouring countries.” It then says that those previous estimates of what we will have to pay for these credits, bad as they are, “assume Ireland follows through on measures that it looks increasingly unlikely to implement. If these measures were not implemented then the State would be further from its climate objectives and would face much higher compliance costs, potentially as high as €20 billion.”

>The State is legally obliged by 2030 to have reduced Ireland’s carbon emissions by 51 per cent compared to 2018 levels.

Who do these fines go to? I refuse to believe that most European countries are compliant and we aren’t.

Bizarrely, cows farting may be the deciding factor in this – making up a whopping 50+% of methane emissions.

Someones going to win an (Ig)Nobel Prize by figuring out how to automatically light cow farts.

Is the rest of the world adhering to these strict targets? Why does the US; China, India not have to?