Public policy centre

Welcome to Chartered Accountants Ireland’s public policy centre.

We use our research to inform the public policy debate both nationally and internationally.

  In this week’s bulletin, read our analysis of the carbon tax increase in Budget 2020. Seeing green: carbon tax increases as expected Carbon tax and related measures to tackle climate change were one of the main features of Budget 2020. The Minister’s plans to boost the economy while reducing environmental impact, although promising, still lack the impetus needed to drive behavioural changes in homes and businesses. As echoed by the joint Department of Finance and Economic and Social Research Council report, the increase in carbon tax on its own is not sufficient to fully decouple emissions from economic growth. In a step towards a greener Ireland, the Minister has taken a two-pronged approach to combat the issue of climate change – increased carbon taxes combined with targeted tax reliefs. The Minister has announced a €6 per tonne increase in the price of carbon, with an intention to increase this steadily to meet the target of €80 per tonne by 2030, effective from 9 October 2019. The increase is expected to add approximately 2 cents to a litre of petrol or diesel, equivalent to an increase of approximately €36 per annum in fuel costs for the average driver. The projected €90 million set to be raised in 2020 from this increase will be ring-fenced to fund new carbon action measures. Almost one-third of the ring-fenced funds will go towards assisting communities adversely effected by the winding down of local carbon industries. An additional €20 million will be spent on energy efficiency installations in social housing, €5 million on peatland rehabilitation and €6 million on the creation of a new Just Transition Fund. A new Just Transition Commissioner will also be appointed to oversee the workings of this fund. Additionally, €13 million for the Warmer Homes scheme is being allocated to provide free energy efficiency upgrades to households deemed to be in, or at risk of, energy poverty. The 2020 transport budget is also being boosted by an additional €384 million to allow for extended investment in public transport, including the Rural Transport scheme, greenways and urban cycle routes. With an increase in transport and logistical costs an expected by-product of Brexit, Budget 2020 also makes room for providing additional relief to hauliers through the existing Diesel Rebate scheme to compensate that sector for the increased cost of fuel.    Read all our updates in our Public Policy web centre.    

Oct 11, 2019

In this week’s bulletin, read about the Taoiseach’s address at the UN Climate Action Summit. Taoiseach calls for “a new climate of action and opportunity” at UN Climate Action Summit Earlier this week, Taoiseach Leo Varadkar travelled to New York to address the UN Climate Action Summit where he announced Ireland’s plan and commitment to a greener future. He also called for ban on single use plastics, ending oil explorations, increase in carbon tax and the ring fencing of all new revenue raised from it to fund new climate action and just transition. President Michael D Higgins also supported the Taoiseach’s address by highlighting the importance of immediate action on climate change, and made Ireland’s case for a seat on the UN Security Council.   Read all our updates in our Public Policy web centre.

Sep 30, 2019

In this week’s bulletin, read about the Taoiseach’s address at the UN Climate Action Summit. Taoiseach calls for “a new climate of action and opportunity” at UN Climate Action Summit Earlier this week, Taoiseach Leo Varadkar travelled to New York to address the UN Climate Action Summit where he announced Ireland’s plan and commitment to a greener future. He also called for ban on single use plastics, ending oil explorations, increase in carbon tax and the ring fencing of all new revenue raised from it to fund new climate action and just transition. President Michael D Higgins also supported the Taoiseach’s address by highlighting the importance of immediate action on climate change, and made Ireland’s case for a seat on the UN Security Council.    Read all our updates in our Public Policy web centre.    

Sep 27, 2019

Pensions in Ireland - A responsible way forward

A significant majority of Chartered Accountants are worried about Ireland's pension deficit and favour pension auto-enrolment to guard against poverty in retirement.

In its research report, Chartered Accountants Ireland examines the challenge of an ageing population in Ireland, the reasons that some private sector workers do not provide for their pensions and also looks at a number of different pension funding models used in other countries.

Chartered Accountants Ireland has over 26,000 members working in every sector on the island of Ireland, and is uniquely placed to identify the challenges that the pension deficit will bring.

Read our report on the PDF below.

CTA - Pensions in Ireland-min
NEWS BODY - Pensions in Ireland A responsible way forward-min

Seminar : Pensions under the spotlight
Chartered Accountants Ireland’s members engaged in a comprehensive discussion on the private pension crisis in Ireland at a seminar with Institute President Shauna Greely held in Dublin last Tuesday evening (6 March 2018). 

The event also saw the formal launch of the Institute’s report Pensions in Ireland: A responsible way forward which advocates auto-enrolment. View photos from the event >>>