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Wood briquettes vs fossil fuels
The new carbon tax at a rate of €15 per tonne is being introduced on all fossil fuels. The tax will apply to petrol and auto-diesel with effect from midnight, 9 December 2009; and from 1 May 2010 to Kerosene, Marked Gas Oil, Liquid Petroleum Gas (LPG), Fuel Oil and Natural Gas. The application of the tax to coal and commercial peat is subject to a Commencement Order. Further information on the carbon tax is set out at Annex E which is available on www.budget.gov.ie.
The above changes will lead to higher expenses for most common solid fuels in Ireland as they become more expensive and the price of peat briquettes and coal will be driven up respectively with 39 cents per bale and €1.79 per 40kg bag. The impact of the changes as per the budget unveiled by the Minister for Finance on Wednesday, 9 th December 2009 is illustrated in the table below.
|Fuel Type||Unit||Current Price €||Carbon tax at €15 (VAT Incl.)||% Change in Price|| |
Revenue Yield in a year € million
|Peat Briquettes||Bale||3.85||39 cents||10.1||6|
There will be no carbon tax on wood fuels such as wood briquettes, eco logs and other carbon neutral bio fuels, which will make them more competitive in price and at the same time will help the transition towards more sustainable and greener environment.
Ecologs.ie offers such sustainable eco friendly and carbon neutral eco fuels - wood briquettes, at affordable price without the need to put extra weight on your budget.