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Home | Ireland unveils boost for climate and energy in 2027 Budget

Posted 1 week ago | 2 minute read

Ireland unveils boost for climate and energy in 2027 Budget

The Irish Government has used its 2027 Budget to allocate €1.28B to help accelerate climate action, protect the environment and tackle fuel poverty.

Introducing the Budget on 6 October, Minister for Finance Simon Harris said: “We have now experienced two energy price shocks over the past five years [and] government intervention needs to stand ready to extend supports as necessary”.

The government has committed to spending €275.4B on infrastructure over the next 10 years, including:

The Budget also announced that the carbon tax will not increase as scheduled. The carbon tax on kerosene and natural gas will be reduced to €48.50 t/CO2 and will be maintained at this rate for the lifetime of the Government. The rate for petrol and diesel will remain at €71t/CO2 until 1 May 2027 when it will increase to €78.5t/CO2. The Budget 2027 allocations of revenue will remain at 2026 levels.

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