Oireachtas Joint and Select Committees

Wednesday, 25 September 2019

Joint Oireachtas Committee on Climate Action

Carbon Tax: Discussion

Mr. Matt McGann:

What I do know is that the amount is relatively small because we are able to bank our unused allowances. We banked many allowances in the earlier years of the decades. We were allowed to carry them forward into the later years of the decades so they offset or over-shoot on the carbon in the later years.