EU proposals for new charges on heating and motoring fuels could force the dismantling of the carbon tax system just a year after the Government legislated for annual increases to 2030. Officials here are concerned that the new Brussels-controlled charging system would bring in less revenue than the carbon tax and remove national control over how the money is spent. Read MoreAlready, however, the proposed introduction of an emissions trading system (ETS) for road transport and buildings looks set to upset Ireland’s carbon tax structures. Ireland’s carbon tax, which is charged on oil, gas, coal and peat, works on a similar basis. However, not to apply the carbon tax to those sectors would wipe out its main function.

Source: Irish Independent September 22, 2021 01:30 UTC