Written answers
Thursday, 29 November 2018
Department of Foreign Affairs and Trade
Carbon Tax Yield
Michael McGrath (Cork South Central, Fianna Fail)
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65. To ask the Minister for Finance the estimated yield of increasing the carbon tax by values (details supplied) by each carbon fuel type in tabular form; and if he will make a statement on the matter. [49948/18]
Michael McGrath (Cork South Central, Fianna Fail)
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66. To ask the Minister for Finance the estimated yield per year of increasing the carbon tax incrementally from €20 per tonne to €100 per tonne over a five year period by each carbon fuel type in tabular form; and if he will make a statement on the matter. [49949/18]
Michael McGrath (Cork South Central, Fianna Fail)
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67. To ask the Minister for Finance the estimated yield per year of increasing the carbon tax incrementally from €20 per tonne to €100 per tonne over a ten year period by each carbon fuel type in tabular form; and if he will make a statement on the matter. [49950/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 65 to 67, inclusive, together.
I am advised by Revenue that increasing the Carbon Tax from €20 per tonne to €100 per tonne by the values supplied would give the estimated yield for each carbon fuel type as shown in the table below. These estimates are based on the current volumes for each commodity and include both the increased Carbon Tax and the net VAT chargeable on that amount.
Carbon Tax Rate | €25 | €30 | €35 | €40 | €80 | €100 |
---|---|---|---|---|---|---|
€m | €m | €m | €m | €m | €m | |
Auto-diesel | 207 | 248 | 289 | 331 | 661 | 827 |
Petrol | 69 | 83 | 96 | 110 | 220 | 275 |
Kerosene | 74 | 89 | 104 | 119 | 237 | 297 |
Marked Gas Oil | 73 | 88 | 103 | 118 | 235 | 294 |
LPG | 12 | 15 | 17 | 20 | 39 | 49 |
Fuel Oil | 2 | 3 | 3 | 4 | 7 | 9 |
Natural Gas | 67 | 81 | 94 | 107 | 215 | 269 |
Peat Briquette | 6 | 8 | 9 | 10 | 21 | 26 |
Coal | 21 | 26 | 30 | 34 | 68 | 85 |
Total | 533 | 639 | 746 | 852 | 1,704 | 2,130 |
I am further advised by Revenue that increasing the Carbon Tax from €20 per tonne to €100 per tonne over a five-year or ten-year period would give the estimated yield for each carbon fuel type as shown in the tables below. These estimates are based on the current volumes for each commodity and include both the increased Carbon Tax and the net VAT chargeable on that amount.
- | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
---|---|---|---|---|---|
Carbon Tax Rate | €36 | €52 | €68 | €84 | €100 |
€m | €m | €m | €m | €m | |
Auto-diesel | 298 | 430 | 562 | 694 | 827 |
Petrol | 99 | 143 | 187 | 231 | 275 |
Kerosene | 107 | 154 | 202 | 249 | 297 |
Marked Gas Oil | 106 | 153 | 200 | 247 | 294 |
LPG | 18 | 26 | 33 | 41 | 49 |
Fuel Oil | 3 | 5 | 6 | 7 | 9 |
Natural Gas | 97 | 140 | 183 | 226 | 269 |
Peat Briquette | 9 | 13 | 18 | 22 | 26 |
Coal | 31 | 44 | 58 | 71 | 85 |
Total | 767 | 1,108 | 1,449 | 1,790 | 2,130 |
- | Year | Year | Year | Year | Year | Year | Year | Year | Year | Year |
---|---|---|---|---|---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Carbon Tax Rate | €28 | €36 | €44 | €52 | €60 | €68 | €76 | €84 | €92 | €100 |
€m | €m | €m | €m | €m | €m | €m | €m | €m | €m | |
Auto-diesel | 231 | 298 | 364 | 430 | 496 | 562 | 628 | 694 | 760 | 827 |
Petrol | 77 | 99 | 121 | 143 | 165 | 187 | 209 | 231 | 253 | 275 |
Kerosene | 83 | 107 | 131 | 154 | 178 | 202 | 226 | 249 | 273 | 297 |
Marked Gas Oil | 82 | 106 | 129 | 153 | 176 | 200 | 223 | 247 | 270 | 294 |
LPG | 14 | 18 | 22 | 26 | 30 | 33 | 37 | 41 | 45 | 49 |
Fuel Oil | 2 | 3 | 4 | 5 | 5 | 6 | 7 | 7 | 8 | 9 |
Natural Gas | 75 | 97 | 118 | 140 | 161 | 183 | 204 | 226 | 247 | 269 |
Peat Briquette | 7 | 9 | 11 | 13 | 15 | 18 | 20 | 22 | 24 | 26 |
Coal | 24 | 31 | 37 | 44 | 51 | 58 | 65 | 71 | 78 | 85 |
Total | 597 | 767 | 937 | 1,108 | 1,278 | 1,449 | 1,619 | 1,790 | 1,960 | 2,130 |
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