The Oireachtas Committee on Agriculture has called for the Climate Change Bill to be deferred.
The cross-party committee says the current Bill will undermine Ireland's food export prospects and sets unnecessary targets for the reduction of green house gas emissions.
The Committee believes that greenhouse gas emission reduction targets in the Bill are unrealistic and recommends that Ireland should stick to the lower reduction targets already agreed by the European Union.
Calling for the Bill to be revisited, the Committee said the measure will have a disproportionate impact on the Irish agriculture and will make the goals proposed in the Government's Food Harvest Strategy for the agri-food sector unattainable.
The Committee says the Bill fails to strike the right balance between environmental protection and safeguarding Irish agriculture industry, export growth and jobs.
It considers it is too serious an issue to be rushed through and needs to be reconsidered.
Committee Chairman Johnny Brady said his members are in agreement that greenhouse gas emissions must be curbed and they advocate that Ireland adhere to the EU target of a 20% reduction by 2020.
However, they believe that the price to be paid by the agriculture sector for the additional excessive targets laid down in the Bill, which exceed the agreed EU reduction goals, is far too high.
Some environmental groups believe that the proposed Bill does not go far enough in its targets to reduce greenhouses gases.
Meanwhile, an IBEC study estimates that by 2020 the Bill will cost households and businesses at least €400m, above and beyond the cost of reaching existing EU targets.
IBEC said the Bill was being rushed through before an election.
