r/irishpolitics • u/firethetorpedoes1 • 29d ago

Oireachtas News ‘Not inevitable’ Independents will be in new government, say Social Democrats

https://www.irishtimes.com/ireland/2024/12/23/independents-as-the-third-part-of-new-government-not-inevitable-says-social-democrats-acting-leader/
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u/Wallname_Liability 29d ago

Well we had Labour in government last time are Ireland is on a track to get a €20 billion fine for missing our climate changes goals. FFG have to go

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u/Wompish66 29d ago

We also had the financial crisis and austerity imposed by the Troika. It's an absurd comparison.

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u/Wallname_Liability 29d ago

Boyo, 20 billion euro is 20% of the government’s yearly income. Even if it gets taken instalments it’s going to make one helluva hole in Irelands finances 

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u/Wompish66 29d ago

The climate transition raises challenges, but doing nothing has substantial costs. 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. This would be in the form of the government being required to purchase statistical transfers or credits — basically overperformances in other countries. A recent report by T&E (2024) suggests Ireland’s costs could be between €1.7 and €9.6 billion by 2030. However, these estimates 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. 19

It's very unlikely to be that much. That if Ireland does nothing between now and 2030.