Poll: Do you think increasing carbon tax is a good idea?
The tax which was originally introduced in Ireland in 2010 penalises any fuel that emits CO2 when burned.
EMPLOYER REPRESENTATIVE IBEC laid out its blueprint for a low-carbon economy this morning and backed a carbon tax that increases over time.
The tax, which was originally introduced in Ireland in 2010, penalises any fuel that emits CO2 when burned including oil, petrol and diesel.
At the moment, it is levied at €20 per tonne of CO2. Ibec proposes the tax should be set at €30 per tonne and increase by €5 annually until 2030, where it would reach €80. Climate Action Minister Richard Bruton has indicated that an increase is likely.
The tax has divided opinion in Ireland. While some see it as a necessary step to curb our emissions, others think we should look to alternative methods of reducing our carbon footprint like expansion of public transport and investment in electric cars.
With this in mind, Fora is asking its readers this week: Do you think increasing carbon tax is a good idea?