Wednesday, 13 November 2019

Ceisteanna (91)

Carol Nolan

Ceist:

91. Deputy Carol Nolan asked the Minister for Finance when revenue from the carbon tax will be ring-fenced for the purpose of a just transition in the midlands; the timeframe for same; and if he will make a statement on the matter. [46781/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

In Budget 2020 I announced that all new revenues arising from the increase in the rate of carbon tax would be ring-fenced for climate action purposes. It is estimated that the €6 increase in the rate of carbon tax will raise approximately €90 million additional revenue in 2020.  These funds will be used to protect those most exposed to higher fuel and energy costs, to build a Just Transition and to support new investment in climate action.  

€31 million of this additional revenue will be ring fenced for the Just Transition Package and disbursed to the Department of Housing, Property and Local Government, the Department of Culture, Heritage and the Gaeltacht and the Department of Communications, Climate Action and Environment as detailed in the following below:

Just Transition Package

Aggregated Housing Upgrade Scheme

€20 million

Department of Housing, Planning and Local Government

Peatlands Rehabilitation

€ 5 million

Department of Culture, Heritage and the Gaeltacht

Just Transition Fund

€ 6 million

Department of Communications, Climate Action and Environment

Managing the delivery of the just transition package is the responsibility of the Departments listed above.