The potential cost of missing Ireland’s emissions targets could reach a staggering €27 billion, according to a new report.
Ireland could face up to €27 billion in fines for failing to meet EU emissions targets, but implementing existing climate action plans could reduce costs to between €3 and €12 billion. Missing targets has already cost Ireland €500 million in potential carbon credit revenue. The extent of the fines depends on Ireland's performance, broader EU progress, and the price of emissions allocations.
