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Ireland faces bill of up to €26bn if EU climate targets missed, report warns

Ireland faces bill of up to €26bn if EU climate targets missed, report warns

Two Government advisory councils have come together to warn that Ireland must act to avoid massive financial costs from missing its 2030 climate targets.

In a joint report, the Irish Fiscal Advisory Council and the Climate Change Advisory Council described the potential costs as “staggering”.

It could require having to pay between €8 billion and €26bn to other European Union member states if climate action is not stepped up swiftly.

READ MORE: https://www.rte.ie/news/2025/0304/1500019-climate-report/