Sinn Fein and People Before Profit oppose a carbon fee and dividend plan which would benefit the less well off
Green Party Leader Eamon Ryan TD said today:
“What are parties on the left doing opposing progressive climate measures which would benefit the less well off?”
“Economic analysis from Sue Scott has shown how a fee and dividend model of carbon pricing, which returns all the revenue directly to citizens is cash positive for those on lower incomes.
“The ESRI have also presented new modelling analysis which shows that increasing the price of carbon each year to 2030 along the lines that the Green Party has proposed* would not have a negative effect on the economy but would contribute a 17% reduction in emissions by 2030″.
“We all agree that a carbon price on its own will not deliver the changes we seek, We especially need to be proactive in retrofitting the housing of those on low incomes and provide rural public transport systems so everyone can avail of low carbon alternatives.”
“However to rule it out any form of carbon pricing, including those which provide a net cash benefit to those on low incomes make no sense whatsoever.”
“How can they be saying they support the climate strikers this Friday when they are ruling out one of their key demands which is for us to adopt the recommendations of the Citizens Assembly. That included support for a price on carbon. It is one of the climate actions we want and need to deliver.
“We agree that some of the largest polluters need to be tackled and in particular we need to look are Ireland’s part in allowing big fossil fuel companies avoid tax. We must stop this and have these companies pay their fair share but the worsening climate crisis demands that we do these things together.”
NOTE TO EDITORS:
*The Green Party are proposing a €20 per tonne increase in 2020 and €5 per tonne each year thereafter with a refund of revenue to each household.
Fig 1: This graph was presented by Sue Scott, ESRI research affiliate, and shows the impact of carbon tax across ten income groupings.
Fig 2: This table shows the percentage changes in emissions when different levels of carbon tax are applied. CT1: the carbon tax is increased to €40 per ton equivalent of CO2 in 2019 and then increased by €5 per annum reaching €95 in 2030. CT2: the carbon tax is increased to €40 in 2019 and then increased by €10 per annum reaching €150 in 2030.
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