Image: Alamy Stock Photo Image: Alamy Stock Photo THE BUDGET ANNOUNCEMENT today outlined a slew of financial measures across society, but on climate, it gave the first significant preview into the government’s priorities ahead of the upcoming Climate Action Plan.
‘Future generations will not tolerate inaction’ Opening the section of his speech on climate action, Minister for Finance Paschal Donohue said: “Future generations will not tolerate inaction from the leaders of today.” The carbon tax is rising by another €7.50 this year to €41 per tonne, which will increase the cost of petrol, diesel and home heating fuels.
“Permanently reducing a household’s energy needs is the best way to tackle energy poverty and protect people from the impact of high energy costs,” McGrath said.“To ensure that workers can avail of these jobs, additional funding is being provided through the Department of Further and Higher Education to expand training programmes and apprenticeships in this area.”
Therefore, I’m extending the Accelerated Capital Allowance scheme for gas vehicles and refueling equipment for three years. As a transport fuel, renewable hydrogen offers significantly higher carbon savings when compared to fossil fuels,” he said.