Get Form Sfct1 - Solid Fuel Carbon Tax Return Form - Revenue ... - Revenue

Carbon tax is paid by the supplier of the fuel.

The carbon tax is a charge applied to carbon-emitting fuels such as coal, peat, oil and natural gas. Introduced in 2010, the tax is intended to reduce carbon dioxide emissions and is part of Ireland's strategy to support a greener and cleaner environment.

Natural Gas Carbon Tax (NGCT) was introduced in Ireland on 1 May 2010 and applied to all natural gas supplied to consumers. From 1 January 2017 NGCT no longer applies to natural gas supplied as fuel in a motor vehicle.

Peat ProductBiomass ContentEffective rate of SFCT per tonneCoal<30%€107.98>30<50%€75.59>50%€53.99Peat briquettes<30%€75.174 more rows • May 6, 2022

Under a carbon tax, the government sets a price that emitters must pay for each ton of greenhouse gas emissions they emit. Businesses and consumers will take steps, such as switching fuels or adopting new technologies, to reduce their emissions to avoid paying the tax.

Under a carbon tax, the government sets a price that emitters must pay for each ton of greenhouse gas emissions they emit. Businesses and consumers will take steps, such as switching fuels or adopting new technologies, to reduce their emissions to avoid paying the tax.

As of April 1, 2022, Uruguay had the highest carbon tax rate worldwide at 137 U.S. dollars per metric ton of CO2 equivalent (USD / tCO2e). Uruguay's carbon tax was first established in January 2022. In comparison, Poland had a tax rate of less than one USD / tCO2e.

Carbon tax, calculated on the rate of carbon dioxide per tonne, will increase to €48.50 per tonne (previously €41 per tonne). The carbon tax increase will result in additional 2 cent per litre to the cost of petrol and diesel.