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
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About this policy
Year
2021
Most recent update
12/10/2021
Geography
Response areas
Mitigation
Sectors
Buildings, Economy-wide, Transport
Topics
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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
Climate 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.