Higher carbon taxes are required as “the world is burning” and climate change is “one of the most important issues of our time,” Paschal Donohoe said as he unveiled the 2022 budget. The finance minister said future generations would not tolerate inaction and that the science was unambiguous. “And the only chance we have to control those fires is through coherent and effective policies. This is why carbon taxation is so important,” he told the Dáil. Opposition parties said that the budget lacked vision and would do little to combat the housing crisis. Sinn Féin accused the government of being “out of ideas”, saying the budget failed to reassure families affected by rising property prices and high rental costs. Alongside the annual increase in the carbon tax by €7.50 a tonne, the Fine Gael minister said the government would extend the €5,000 relief for battery electric vehicles until the end of 2023. He also said that the additional revenue from the carbon tax would be invested into a national retrofitting programme.
Times 13th Oct 2021 read more »