10.1 billion capital spend is largest ever in a budget, to be allocated to schools, homes and transport infrastructure - promising, but no mention yet on where this fits in low carbon transition.
@Paschald is finally on to #climatechange... Announcing EUR 7.50 incr to #carbontax to EUR 33/t. #Budget2020 increased it by EUR 6.
Vehicle testing bands will now reflect emissions performance, lower VRT rates for low emissions cars, higher NOx vehicles will pay more.
@Paschald on green taxes -"Ireland is way-off course to make our 2030 legally-binding [emissions reduction] targets."
.@RTENewsPaulC - Confirming the €7.50 carbon tax increase, and a hike in VRT, @Paschald wants to encourage the public to "make greener choices" when buying vehicles, clarifying imported cars will have their NOx emissions based on Irish standards.
.@mmcgrathtd now discussing #climatechange, assuring #carbontax revenues is not a money making exercise and will be returned back to people for energy retrofit, etc. Looking forward to seeing details on these schemes.
.@mmcgrathtd ends #climatechange section of his speech stating "We must climate proof our economy and society for future generations". Lovely words (that I wish I'd heard 10+ years ago), but proof must be in the pudding/money.
Taking a deep dive into #BudgetDay speeches now because that's how nerdy I am... Full text available here: gov.ie/en/collection/…
#Budget2021 total value of support measures = €24½ billion (8 times #Budget2020, which was expected to be a "green budget") so I'm expecting AT LEAST 8x the amount of investment in green programmes in this one.
Compared to last year's budget, there is substantial forward progress on climate action including at least18x more investment in active travel, 2x more in energy retrofit, and a smarter approach to incentivizing cleaner car purchases through VRT changes.
.@greenparty_ie @EamonRyan clearly got his fingers into #Budget2021, the first I've seen that puts #climateaction central in an economic recovery. #GreenParty
What's less clear is where #biodiversity ranks in #Budget2021... @mmcgrathtd said EUR 29m going to heritage, NPWS and peat restoration but no details forthcoming on breakdown. NPWS current budget = 14m/yr, @Irishwildlife / @BirdWatchIE says they need 50-100m/yr so still far short
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