Carbon tax on fossil fuels could reach €265 per tonne

Carbon taxes on fossil fuels such as oil, gas and coal could reach up to €265 per tonne in the next 30 years, Climate Action Minister Richard Bruton has warned. By then, Ireland aims to be a low-carbon, or no-carbon society, but any individual or enterprise still relying on fossil fuels will face hefty charges.

Already, carbon taxes are intended to quadruple between now and 2030 rising from the current level of €20 per tonne to €80 per tonne. The first significant increase is likely to be approved in this autumn’s budget.