In what was seen as a victory for the Green Party, the coalition deal agreed mid-June included a commitment to increase the carbon tax on fossil fuels to €100/t of carbon dioxide emitted by 2030 – instead of €80/t as planned by the previous government. The Programme for Government pledges to ring-fence the funding for green policies: “We will legislate to hypothecate all additional carbon tax revenue into a Climate Action Fund raising an estimated €9.5 billion over the next ten years,” Fianna Fáil, Fine Gael and the Greens agreed. €5 billion is to go towards retrofitting homes, starting with…
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