IFAC warns delayed climate action could cost Ireland €13 billion by 2050

Summary

Ireland's fiscal watchdog, the Irish Fiscal Advisory Council (IFAC), has warned that failing to take action on climate change could cost the State up to €13 billion by 2050. The report highlights that delayed climate action poses a major risk to public finances, as the costs of inaction would far exceed the costs of early investment in climate mitigation and adaptation measures. IFAC stresses that the longer the government delays meaningful climate policies, the more expensive and disruptive the transition will be.

Source

bskyIFAC warns delayed climate action could cost Ireland €13 billion by 2050rte.ie