Budget 2022: The Use of Carbon Tax Funds

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.