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€500 million stealth tax replaces polluter-pays principle
national |
environment |
press release
Monday July 17, 2006 11:29 by Friends of the Earth info at foe dot ie 9 Upper Mount Street, Dublin 2
EPA plan shows true cost of government inaction on Kyoto Friends of the Earth has described the government's climate pollution plan, published on Friday, as " the ultimate stealth tax". It will cost the public at least €2 million a week according to the environmental justice group. The EPA plan estimates the rise in Ireland's greenhouse gas emissions will be twice what is allowed under the Kyoto Protocol from 2008 to 2012 or, put another way, an average of 7 million tonnes of excess pollution a year[1]. Every tonne of this overshoot will have to be offset by an emissions permit. The government is assuming permit prices will remain steady at around €15 a tonne giving a total cost to Ireland of €105 million a year or €2 million a week for five years[2]. And it doesn't stop there. Permit prices have touched highs of €30 a tonne in the past. At that price the cost to consumers and taxpayers would skyrocket to over €1 billion. |
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