Oireachtas Joint and Select Committees

Wednesday, 29 March 2023

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2023: Committee Stage

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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There is no legal impediment to reducing the level of mineral oil tax on home heating oil, which is colloquially called carbon tax. The €57 million by which we would be reducing the cost to individuals of heating their homes could be obtained from any other source of revenue. The argument put forward is that if this is done, it will take away from investment available for energy transition. However, that position is not hypothecated in law.