Outline three Irish government policies that impact on three different sectors of the economy in Ireland., Climate Action Plan 2024, Housing For All, Ireland’s National AI Strategy, Climate Action Plan 2024, sustainable, low-carbon, climate-resilient future, Climate Action Plan 2024 impact on Agriculture, + Demand for sustainably farmed exports; access to grants and subsidies, - Funding (required for farmers); higher carbon taxes on farmers, Housing For All, aim is delivery of over 300,000 new homes by the end of 2030, Housing For All impact on Construction, + Increased demand/jobs in sector; better standards, - Labour shortages slowing building; increased costs due to higher demand, Ireland’s National AI Strategy, supports Irish business in adopting AI, Ireland’s National AI Strategy on Manufacturing, + Increased innovation and productivity; Increased funding and grants available, - Staff replaced by AI (low morale, redundancies); regulations / ethical issues, Policy (definition), A strategy or set of guidelines that the government adopts to achieve an economic, social, or environmental target. Provide direction but are not laws, not mandatory, Legislation (definition), Legally binding on businesses, must comply or face penalties or fines., Role played by business in the development of national policy, Interest Groups & Lobbying, Interest Groups (Role played by business in the development of national policy), Represent businesses/industries with common goal; IBEC (Irish Business and Employers Confederation) lobby government on tax policy, employment law, and economic development., Lobbying (Role played by business in the development of national policy) , Actions to influence the decisions made by politicians, government officials, or public bodies. Through direct engagement, public consultation and media campaigns to raise awareness., Identify the key decision-makers in European policy development, European Commission, European Parliament, Council of the EU, European Central Bank, European Commission role, The body responsible for drafting and proposing legislation and EU Budget to Parliament. Responsibility for implementing proposals using Regulations, Directives and Decisions, European Parliament role, Discuss and debate and then amend proposed new legislation and proposed EU Budget. Approve new legislation through co-decision with the Council of the European Union, Council of the EU role, Main decision-making body of the EU. They decide approve new laws and the EU budget (called co-decision with the Parliament), European Central Bank role, Key decision-maker for monetary policy in Eurozone by setting interest rates, money supply. Goal is to keep inflation at or just below 2% (will increase interest rates if it is higher), Regulations, An EU Regulation takes precedence over the national law. The Irish government does not have to act, as it becomes law without their intervention., Directives , Requires member states to reach a certain target within a specified time limit. The Irish government can decide how to achieve that particular result., Opinions , Non-binding advice or recommendations provided by the EU. There is no legal requirement for the Irish government to take action..

Chapter 4 Key Takeaways

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