A major report, “The Economics of Afforestation and Management in Ireland: Future Prospects and Plans” commissioned by AuxiliaGroup and compiled by Professor Cathal O’Donoghue, was launched on September 6th 2022 at a media function in Buswells Hotel, Dublin. This well-researched report has highlights the opportunities and challenges of delivering national forestry goals to deliver carbon neutrality by 2050.
The report highlights the opportunity to enhance the financial incentives for afforestation and to overcome some of the challenges in relation to replanting. It provides a comprehensive economic and cost benefit analysis of such incentives. The report also details the need for the development of a Forestry Development Agency and a review of the best department location for forestry in achieving national carbon neutrality goals. Professor Cathal O’Donoghue makes 14 key cost-effective recommendations which can help achieve the planting targets required for carbon neutrality.
We at AuxiliaGroup felt it was crucial to commission this report as many of our key clients operate in the agri, forestry and food sectors. The reports findings and recommendations not only have direct significance for their businesses, but also have serious implications for Ireland as we strive to slow the impact of global warming on our journey towards net zero.