Effective Carbon taxes should not bring in more money – Naughten

In Families, News by Denis Naughten

Diesel and electricity taxes could be reduced NOT increased

 

The objective of carbon taxes should not be to bring in more money, TD Denis Naughten has stated. Instead he has pointed out that if such taxes are to be successful they should generate less money for Government.

 

“We will face protests such as the yellow vest protests in France if carbon taxes are used to bring in more money and such taxes will hit rural Ireland to a far greater extent than they should. This is not good for families and will not be good in achieving our climate targets,” warned Denis Naughten.

“Structuring environmental taxes so that they do not take in additional money, makes them more complicated but, more importantly, drives the change that is needed instead of the confrontation that has postponed climate action in the past.

“We already see speculation on the increase in diesel taxes but we have the opportunity to actually reduce the carbon tax which motorists pay on diesel by 50% as well as dealing with a problem that we have in disposing of waste oils.

“It is possible to blend renewable oils (HVO – Hydrotreated Vegetable Oils) at a rate of 50% into the diesel used in the transport and agricultural sectors, as well as by motorists, which would see the amount of carbon tax to be paid slashed in half rather than increased.

“We must also take measures to tap into the huge renewable energy potential off our coast which has the potential to supply 10 times Ireland’s electricity needs. This additional renewable electricity could be auctioned off to other EU countries and the funds used to reduce the cost of electricity to Irish families.

“Reducing the cost of electricity would act as a positive incentive for the public to invest in subsidised renewable electricity heating systems rather than forcing up the cost of heating homes with fossil fuels without providing an alternative.

“Our climate plan needs to provide unique solutions to the problems and opportunities that we have in Ireland and not a copy and paste of ideas from somewhere else that will not deliver for Ireland or Irish families struggling to meet current living costs,” concluded Denis Naughten.

ENDS.