- Dec 9, 2004
This is just another area where the governments inaction and inability to make the hard decisions is going to result in the waste of hundreds of millions of Irish taxpayers money. On top of this there is the environmental impact of the governments failure and the future economic impact, which is shown by a new report that was released today that states that climate change could result in a worldwide recession.A new set of EU projections shows that Ireland will massively overshoot its Kyoto Protocol target to curb greenhouse gas emissions - unless much stronger measures are taken - thus running the risk of having to pay hundreds of millions of euro in penalties.
"Without additional measures, it looks like Ireland will be almost 16 per cent off the target set for reducing its carbon emissions by 2010. In fact, only three other member states will probably perform worse: Spain, Portugal and Greece," the European Commission said
A new report has warned that the effects of climate change could tip the world's economies into a global recession if governments do not tackle the problem by cutting carbon dioxide emissions.