Missing EU climate targets will trigger €5bn bill by 2030, says Eamon Ryan

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Seen and Heard: Ronan’s portfolio, Flahavan’s performance, Baldoyle landbank and Irish energy consumption

Green Party leader Eamon Ryan: his officials have projected the cost of missing EU climate targets. Photograph: Dara Mac Dónaill / The Irish Times

An internal Department of the Environment analysis cited by the newspaper suggests the State will be hit by an average bill of €1 billion a year in the second half of this decade even if the Coalition’s climate action plan is fully implemented. According to results published for Flahavan’s parent company, Finegrove Holdings, revenue surged by more than €4.1 million to almost €33.5 million for the year ended June 30th, 2023. Despite this, the company’s pretax profit fell to just over €1.8 million, down from €2.6 million the previous year. The fall in profits came as operating expenses increased by 10 per cent to almost €8.5 million.

 

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