The 2022 budget notably contains a line on slashing public transport fares, rolled-out in from April 2022. It also increases the carbon tax from €33.50 to €41 per tonne. The revenue will help upgrade energy systems in housing.The vehicle registration tax is also increased using a progressive scale based on emissions (bands). The 5000 euro subsidy to the purchase of new electric vehicles is extended to the end of 2023.
Budget 2022: The Use of Carbon Tax Funds
Summary
Documents
Document
Topics
Beta
About this policy
Year
2021
Most recent update
12/10/2021
Geography
Response areas
Mitigation
Sectors
Buildings, Economy-wide, Transport
Topics
, ,
Topics mentioned most in this policy Beta
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Group
Topics
Target
Policy instrument
Impacted group
Just transition
Renewable energy
Greenhouse gas
Economic sector
Adaptation/resilience
Finance
Note
The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.