"Financial statements from the Climate Action Fund (CAF) show that 70pc of the money raised through a 2c levy on fuel in the past five years was left sitting in the Government's bank account."
"More than half-a-billion euro earned in fuel taxes earmarked to fund climate measures has yet to be spent for this purpose."
More than half a billion euro earned in fuel taxes earmarked for climate measures has not been spent for that purpose. Financial statements from the Climate Action Fund show that 70% of the money raised through a 2c levy on fuel over the past five years remained in the Government’s bank account. The figures indicate that funds collected for climate action have largely not been deployed as intended. This has led to accusations that the Government is failing to act despite rising cost-of-living pressures. The unspent balance suggests delays or shortcomings in translating tax revenue into climate-related spending.
#climate-action-fund #fuel-taxes #cost-of-living #government-spending #emissions-and-climate-measures
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