The Irish Fiscal Advisory Council warned that failing to meet climate targets could result in fines of up to €20 billion, significantly higher than previously estimated.
This alarming forecast shocked many observers familiar with public finances, given that the prior estimate for fines was only €9.6 billion.
The new estimate reflects not just financial penalties but also the increasing importance of climate commitments in policy-making.
The potential €20 billion fines underscore the urgent need for effective strategies to meet established climate targets and avoid hefty financial repercussions.
Collection
[
|
...
]