Ireland’s planned increase in carbon tax came into effect yesterday as homeowners up their household budgets in line with the rising cost of living.
A carbon tax is a tax on the use of fossil fuels such as oil, gas, petrol, diesel, coal and peat in line with plans of reaching Ireland’s climate targets by 2030.
The Carbon Tax rate of €33.50 a tonne was increased by €7.50 a tonne to around €41 a tonne in October last year.
