Dáil Éireann Debate, Thursday - 18 November 2010
76 Deputy Leo Varadkar asked the Minister for Finance the expected revenue in a full year for the Exchequer from the auctioning of carbon allowances post 2012; and if he will make a statement on the matter. [43455/10]
Amharc ar fhreagraBased on the current state of knowledge and data as supplied by the EPA we can estimate the State allowances as follows:
|
Year |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
|
Aviation Allowances |
475 |
475 |
475 |
475 |
475 |
475 |
475 |
475 |
475 |
|
EUA Allowances (ETS excl aviation) |
— |
8,151 |
8,001 |
7,852 |
7,702 |
7,552 |
7,403 |
7,253 |
7,104 |
As with any market based instrument it is difficult to say conclusively what the revenues will be. There is considerable uncertainty around predicting a future carbon price. Assuming a price of €15 a tonne (a price similar to the current price of carbon on the European Climate Exchange), then the yield from the allowances could be as follows:
|
Year |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
|
Possible Yield |
7 |
129 |
127 |
125 |
123 |
120 |
118 |
116 |
114 |
