Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298381 
Year of Publication: 
2024
Series/Report no.: 
Research Series No. 179
Publisher: 
The Economic and Social Research Institute (ESRI), Dublin
Abstract: 
Transitioning to a low-carbon economy requires undertaking massive investment expenditures, and how to finance these expenditures remains at the core of economic debates. However, the cost of not transitioning to a low-carbon economy is often forgotten in these debates. These costs have increased under current global geopolitical tensions, especially for imported fossil fuel-dependent countries, such as Ireland. This report aims to quantify the cost of decarbonisation inaction. What costs will Irish firms face if they continue with their current energy use patterns when the carbon tax (set by the Irish government) and the European Union Emissions Trading System (EU ETS) price (determined by the market conditions at the EU level) are increasing while at the same time, international energy prices are at their extremely high levels?
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Research Report

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