💨 Abstract

Ireland faces potential EU compliance costs of between €8 billion and €26 billion ($8.4 billion-$27.2 billion) if it fails to swiftly implement emissions-cutting plans by 2030, according to the country's fiscal and climate watchdogs. The costs, equivalent to 3-9% of Irish national income, are much higher than the government's recent 2023 estimate of €3.5 billion to €8.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖