Leo Varadkar (Dublin West, Fine Gael)
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Question 168: To ask the Minister for Finance if he has provided for potential revenues from the auctioning of emissions trading scheme carbon permits from 2012 in his revenue projections in the four year plan; and if he will make a statement on the matter. [2437/11]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I can confirm that potential revenues from auctioning of carbon allowances from 2012 have been included in projections under the four year plan. In a previous reply to the Deputy (43455/10) I detailed the possible revenues on the basis of an estimated carbon price, however, as with any market-based instrument, this is subject to significant uncertainty.