I propose to take Questions Nos. 65 to 67, inclusive, together.
I am advised by Revenue that increasing the Carbon Tax from €20 per tonne to €100 per tonne by the values supplied would give the estimated yield for each carbon fuel type as shown in the table below. These estimates are based on the current volumes for each commodity and include both the increased Carbon Tax and the net VAT chargeable on that amount.
Carbon Tax Rate
|
€25
|
€30
|
€35
|
€40
|
€80
|
€100
|
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
Auto-diesel
|
207
|
248
|
289
|
331
|
661
|
827
|
Petrol
|
69
|
83
|
96
|
110
|
220
|
275
|
Kerosene
|
74
|
89
|
104
|
119
|
237
|
297
|
Marked Gas Oil
|
73
|
88
|
103
|
118
|
235
|
294
|
LPG
|
12
|
15
|
17
|
20
|
39
|
49
|
Fuel Oil
|
2
|
3
|
3
|
4
|
7
|
9
|
Natural Gas
|
67
|
81
|
94
|
107
|
215
|
269
|
Peat Briquette
|
6
|
8
|
9
|
10
|
21
|
26
|
Coal
|
21
|
26
|
30
|
34
|
68
|
85
|
|
|
|
|
|
|
|
Total
|
533
|
639
|
746
|
852
|
1,704
|
2,130
|
I am further advised by Revenue that increasing the Carbon Tax from €20 per tonne to €100 per tonne over a five-year or ten-year period would give the estimated yield for each carbon fuel type as shown in the tables below. These estimates are based on the current volumes for each commodity and include both the increased Carbon Tax and the net VAT chargeable on that amount.
-
|
Year 1
|
Year 2
|
Year 3
|
Year 4
|
Year 5
|
Carbon Tax Rate
|
€36
|
€52
|
€68
|
€84
|
€100
|
|
€m
|
€m
|
€m
|
€m
|
€m
|
Auto-diesel
|
298
|
430
|
562
|
694
|
827
|
Petrol
|
99
|
143
|
187
|
231
|
275
|
Kerosene
|
107
|
154
|
202
|
249
|
297
|
Marked Gas Oil
|
106
|
153
|
200
|
247
|
294
|
LPG
|
18
|
26
|
33
|
41
|
49
|
Fuel Oil
|
3
|
5
|
6
|
7
|
9
|
Natural Gas
|
97
|
140
|
183
|
226
|
269
|
Peat Briquette
|
9
|
13
|
18
|
22
|
26
|
Coal
|
31
|
44
|
58
|
71
|
85
|
|
|
|
|
|
|
Total
|
767
|
1,108
|
1,449
|
1,790
|
2,130
|
-
|
Year
|
Year
|
Year
|
Year
|
Year
|
Year
|
Year
|
Year
|
Year
|
Year
|
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
Carbon Tax Rate
|
€28
|
€36
|
€44
|
€52
|
€60
|
€68
|
€76
|
€84
|
€92
|
€100
|
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
Auto-diesel
|
231
|
298
|
364
|
430
|
496
|
562
|
628
|
694
|
760
|
827
|
Petrol
|
77
|
99
|
121
|
143
|
165
|
187
|
209
|
231
|
253
|
275
|
Kerosene
|
83
|
107
|
131
|
154
|
178
|
202
|
226
|
249
|
273
|
297
|
Marked Gas Oil
|
82
|
106
|
129
|
153
|
176
|
200
|
223
|
247
|
270
|
294
|
LPG
|
14
|
18
|
22
|
26
|
30
|
33
|
37
|
41
|
45
|
49
|
Fuel Oil
|
2
|
3
|
4
|
5
|
5
|
6
|
7
|
7
|
8
|
9
|
Natural Gas
|
75
|
97
|
118
|
140
|
161
|
183
|
204
|
226
|
247
|
269
|
Peat Briquette
|
7
|
9
|
11
|
13
|
15
|
18
|
20
|
22
|
24
|
26
|
Coal
|
24
|
31
|
37
|
44
|
51
|
58
|
65
|
71
|
78
|
85
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
597
|
767
|
937
|
1,108
|
1,278
|
1,449
|
1,619
|
1,790
|
1,960
|
2,130
|