Carbon tax is to be increased to \u20ac71 per tonne of CO2 emitted and will be applied to auto fuels with effect from tomorrow, and to all other fuels from 1 May 2026.<\/p>\n
The Government said the additional revenue arising from the carbon tax increase is estimated at \u20ac121m in 2026, and the full-year additional yield is estimated at \u20ac157m.<\/p>\n
Announcing Budget 2026, Minister for Finance Paschal Donohoe said “this revenue will be ring-fenced to ensure that the carbon tax policy is progressive”.<\/p>\n
“We will spend this revenue on social welfare measures and other measures to prevent fuel poverty and to ensure a just transition; a socially progressive national retrofitting programme, and funding to encourage and incentivise farmers to farm in a greener and more sustainable way,” he added.<\/p>\n
This will included, for example, increased allocations for the Warmer Homes Scheme, which provides completely funded retrofits to low-income households.<\/p>\n
Meanwhile, the \u20ac5,000 VRT relief for electric vehicles is being extended by one year until the end of 2026.<\/p>\n
The Accelerated Capital Allowances schemes for energy efficient equipment, and for gas vehicles and refuelling equipment, is being extended for a further five years until the end of 2030.<\/p>\n
Tax disregard for households selling electricity back to grid to be extended<\/p>\n
The income tax disregard of \u20ac400 for income received by households who sell electricity from micro-generation back to the grid is being extended for a further three years to the end of 2028.<\/p>\n
The Government will provide \u20ac1.4bn to Uisce \u00c9ireann in 2026 to support new housing developments and to improve the country’s water supply.<\/p>\n
“This will help to further progress development of waste treatment plants across the country,” said Minister for Public Expenditure Jack Chambers.<\/p>\n
In his budget speech, Minister Chambers announced \u20ac3.5bn to the ESB and EirGrid to strengthen energy security and accelerate the country’s transition to renewable energy.<\/p>\n
Department of Climate, Energy and Environment allocated \u20ac1.1bn for 2026<\/p>\n
Meanwhile, the Department of Climate, Energy and the Environment has been allocated \u20ac1.1bn for 2026.<\/p>\n
This includes \u20ac558m in carbon tax revenue for residential and community energy upgrade schemes, and the continued investment in retrofitting public buildings.<\/p>\n
It also includes \u20ac209m which will go towards the climate action and environmental leadership programme to support climate objectives and enhance biodiversity.<\/p>\n
“Within this, \u20ac82m has been prioritised to support a Just Transition for the wider midlands region,” Mr Chambers said.<\/p>\n
“Projects include decarbonising rural bus routes, support for private bus operators to transition to electric vehicles, wetland restoration and support for nature and biodiversity,” he added.<\/p>\n","protected":false},"excerpt":{"rendered":"Carbon tax is to be increased to \u20ac71 per tonne of CO2 emitted and will be applied to…\n","protected":false},"author":2,"featured_media":65088,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-65087","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/65087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=65087"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/65087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/65088"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=65087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=65087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=65087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}