Saturday 20 April 2019

Green taxes hit new high as economy revived

The State collected energy taxes of €247m from industries including mining, construction and gas. Thinkstock Images
The State collected energy taxes of €247m from industries including mining, construction and gas. Thinkstock Images

Sean Duffy

The State collected a record €4.9bn in so-called environmental taxes last year.

Green taxes were up 5.8pc on 2014 while also exceeding the record tax take which was set in 2007.

Environmental taxes have been recovering strongly in recent years, following a significant drop-off during years of recession.

The turnaround reflects a rise in tax income as the economy recovered, rather than new taxes.

Environmental taxes accounted for 8.0pc of Exchequer revenues in 2015.

That figure is likely to continue to grow in the years ahead, with Ireland committed to reducing its non-ETS greenhouse gas emissions by 20pc before 2020.

Energy taxes accounted for 61pc of the take in green taxes, while 38pc came from taxes on transport, notably motor tax and vehicle registration tax.

Irish households are becoming more aware of their waste output, with the figures indicating that revenues from plastic bags and landfills dropped to €44m. In 2012, that figure stood at €65m.

The State collected energy taxes of €247m from industries including mining, construction and gas.

A total of €1.1bn was recouped from the services sector, while €1.5bn of the overall figure was contributed by households.

Irish Independent

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