Written answers

Thursday, 29 November 2018

Department of Foreign Affairs and Trade

Carbon Tax Yield

Photo of Michael McGrathMichael 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]

Photo of Michael McGrathMichael 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]

Photo of Michael McGrathMichael 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]

Photo of Paschal DonohoePaschal 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-diesel207248289331661827
Petrol698396110220275
Kerosene7489104119237297
Marked Gas Oil7388103118235294
LPG121517203949
Fuel Oil233479
Natural Gas678194107215269
Peat Briquette689102126
Coal212630346885
Total5336397468521,7042,130

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 1Year 2Year 3Year 4Year 5
Carbon Tax Rate€36€52€68€84€100
€m€m€m€m€m
Auto-diesel298430562694827
Petrol99143187231275
Kerosene107154202249297
Marked Gas Oil106153200247294
LPG1826334149
Fuel Oil35679
Natural Gas97140183226269
Peat Briquette913182226
Coal3144587185
Total7671,1081,4491,7902,130

-YearYearYearYearYearYearYearYearYearYear
12345678910
Carbon Tax Rate€28€36€44€52€60€68€76€84€92€100
€m€m€m€m€m€m€m€m€m€m
Auto-diesel231298364430496562628694760827
Petrol7799121143165187209231253275
Kerosene83107131154178202226249273297
Marked Gas Oil82106129153176200223247270294
LPG14182226303337414549
Fuel Oil2345567789
Natural Gas7597118140161183204226247269
Peat Briquette791113151820222426
Coal24313744515865717885
Total5977679371,1081,2781,4491,6191,7901,9602,130

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