Dáil Éireann Debate, Thursday - 4 February 2010
109 Deputy Mary Upton asked the Minister for Finance the expected yield from the carbon tax in 2010; the amount of this money that has been ring fenced to improve energy efficiency, alleviate fuel poverty and promote rural transport; and if he will make a statement on the matter. [5918/10]
Amharc ar fhreagraIt is estimated that the carbon tax, inclusive of VAT, will yield approximately €250 million in 2010. The revenue will, amongst other things, be used to boost energy efficiency, to support rural transport and to alleviate fuel poverty. It is the general practice not to ring-fence revenues for specific purposes but rather take an overall view on priorities in the context of Expenditure decisions which, of course, are dependent on Exchequer revenues. In this regard revenues from the carbon tax will facilitate investment in the aforementioned areas.
