Under the Kyoto Protocol Ireland's total emissions are limited to 314.18 million tonnes of CO2 eq for the five-year commitment period 2008-2012, an average of 62.84 million tonnes of CO2 eq per annum. It is estimated that after the first two years of this period Ireland is currently a total of 1.9 million tonnes above the target when the impact of the EU Emissions Trading Scheme and approved Forest Sinks are taken into account. It is estimated that Ireland will meet its Kyoto Protocol target through the use of Kyoto Protocol credits already purchased by the State and use of unused allowances in the New Entrant Set Aside under the EU Emissions Trading Scheme.
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