Written answers
Thursday, 18 November 2010
Department of Finance
Carbon Budget
5:00 pm
Leo Varadkar (Dublin West, Fine Gael)
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Question 76: To ask 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]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Based on the current state of knowledge and data as supplied by the EPA we can estimate the State allowances as follows: 000's
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 â¬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:
Possible Yield (â¬m)
Year | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Possible Yield | 7 | 129 | 127 | 125 | 123 | 120 | 118 | 116 | 114 |
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