Investor Presentaiton

Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Climate Action Legislation The Climate Action & Low Carbon Development Act 2021 supports transition to Net Zero by 2050 51% reduction: First carbon budgets will aim for a reduction of 51% of emissions by 2030. Sectoral Action Plans: Actions for each sector detailed in the Climate Action Plan, to be updated annually. Carbon Budgeting: The Act embeds the process of carbon budgeting into law. It requires Government to adopt a series of economy-wide-five-year carbon budgets. 80 60 40 20 0 Legally binding targets: Govt. Ministers responsible for achieving targets for their sector. Climate Action Strategy: A national plan will be prepared every five years. All of Government approach: Local Authorities is required to prepare a Climate Action Plan and public bodies obliged to conduct their functions in line with the national plan. Gas Exploration: Government approved draft amendments to end the issuance of new licenses for the exploration and extraction of gas. 1990 1994 1998 2002 2006 2010 Source: Department of the Environment, Climate and Communications, EPA, NTMA Economics analysis 47 2014 2018 GHG emissions ((Mt CO2eq))) Without legislated measures Climate Act 2021 commitment 2022 2026 2030

View entire presentation