Investor Presentaiton
Climate Action Legislation
The Climate Action & Low Carbon Development Act 2021 aims for Net Zero by 2050
Climate Action & Low Carbon Act:
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.
51% reduction: First carbon budgets will aim for a reduction of
51% of emissions by 2030.
Climate Action Strategy: A national plan will be prepared every
five years and actions for each sector will be update annually.
All of Government approach: Local authorities are required to
prepare a Climate Action Plan and public bodies obliged to
conduct their functions in line with the national plan.
Carbon Budgets & Sectoral Ceilings
Budget Period
MtCO2eq
Average Annual Reduction
2021-2025
2026-2030
2031-2035
(provisional)
295
4.8%
200
8.3%
151
3.5%
Sector
% Reduction by 2030
relative to 2018
GHG emissions 2030
Ceiling
Electricity
Transport
75%
3 MtCO2eq
50%
6 MtCO2eq
Buildings (Commercial and
Public)
45%
1 MtCO2eq
40%
4 MtCO2eq
25%
4 MtCO2eq
25%
17.25 MtCO2eq
50%
1 MtCO2eq
Buildings (Residential)
Industry
Agriculture
Other*
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
*F-gases, Petroleum Refining and Waste
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