The Dept Finance has reinfored the expectation that there will be carbon tax as of January 1st, according to the Irish Times.
Frank McDonald writes about the impact of a carbon tax on the upcoming climate negotiations in Copenhagen. As things stand now, the carbon tax will be announced on the second day of international negotiations. The opening shots will have been fired on the first day, and nothing much will be happening on day 2 with thousands of journalists hanging around Copenhagen itching to write about a success in climate policy. Ireland’s carbon tax will thus attract worldwide media attention.
The economic rationale for a carbon tax in Ireland was first set out in a paper from 1992.