I am advised by Revenue that the amounts raised through the Carbon Tax in each of the years 2019 to 2024 are shown in the following table. It is projected that receipts in 2025 will be in the region of €1,180m.
|
Year
|
Receipts €m
|
|
2024
|
1,067.5
|
|
2023
|
934.7
|
|
2022
|
790.6
|
|
2021
|
652.3
|
|
2020
|
493.6
|
|
2019
|
430.5
|
I am further advised by Revenue that a breakdown of carbon tax receipts, across all fuel and energy types, for the years 2019 to 2024 and previous years is published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/excise/receipts-volume-and-price/excise-receipts-commodity.aspx
The Deputy has requested the amount projected to be raised through the carbon tax in each of the years up until 2030. In July, my department published updated Carbon Tax Projected Exchequer Revenue Estimates (2013-2030) as part of the Tax Strategy Group paper on Energy, Environmental and Vehicle Tax. The updated carbon tax projected revenue estimates section of the paper examines how domestic climate change policies are expected to impact carbon tax yields, as our economy transitions to a low carbon economy in line with most recent climate action plan measures. This scenario analyses maps and links forward projected estimates of energy use and expected fuel requirements from the Sustainable Energy Authority of Ireland (SEAI) to carbon tax rates and exchequer net carbon tax receipts to examine the potential impact of the implementation of the Climate Action Plan actions between 2025 and 2030 based on the SEAI and the Environmental Protection Agency (EPA) ‘With Additional Measure’ (WAM) scenario and ‘With Existing Measure’ (WEM) scenario analysis. This paper is available on my Department's website: assets.gov.ie/static/documents/TSG_25-10_Energy_Environmental_and_Vehicle_Tax_UPD.pdf