The Irish government is consulting on further measures to curb greenhouse gas emissions alongside new projections showing that the country could overshoot its Kyoto commitment in the period 2008-12 by 8m tonnes of CO2-equivalent per year.
Even with further measures the overshoot can be reduced only marginally, suggests consultancy ICF. It estimates that Irish companies participating in emissions trading could cut 0.6m tonnes per year at a cost lower than the projected €15/tonne price of carbon. Other sectors of the economy could manage cuts of only 0.2m tonnes per year.
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