Ireland's Budget 2020 Carbon Tax: Simple Ways A Company Can Reduce Its Carbon Footprint.
Updated: Dec 16, 2019
As issues surrounding the environment and climate change come to the fore in public debate, we're hearing more and more in the news about carbon tax. So, what exactly is carbon tax and how does it apply to companies?
Ireland emitted almost 61 million tonnes of greenhouse gases in 2017 from generating electricity, heating and cooling our buildings, transport and agriculture. This figure is three million tonnes above the 2017 target according to the Environmental Protection Agency.
The Irish Government introduced a carbon tax in order to help Ireland decarbonise it’s society.
The carbon tax is a charge applied to carbon-emitting fuels such as coal, peat, oil and natural gas.
It complements the Governments actions on building a low carbon economy.
Budget 2020 has announced a €6 increase in the price of carbon as a first step towards the Government's commitment of increasing the price of carbon from €20 to €80 a tonne by 2030.
How does this affect businesses in Ireland?
This will affect almost all businesses in Ireland.
While many large corporations have already begun to implement measures to reduce their use of carbon, many businesses often don’t know where to start.
It’s imperative that companies work towards reducing their use of carbon now in order to meet the strict demands planned by the Government in the future.
How do we get started?
Business in the Community Ireland (BITCI) have introduced the Low Carbon Pledge in which 47 companies have signed.
The Low Carbon Pledge is the first dedicated pledge generated by Irish business to set industry standards on sustainability and reduce carbon usage.
It helps companies get ahead of the curve and focus on implementing low carbon strategies.
Those who are not prepared for these new regulations will struggle to adapt and this could have major financial implications for the future.
Companies that have signed the pledge can avail of collaborative platforms that are being developed which will enable signatory companies to learn from each other’s successes and challenges.
Simple ways a company can reduce its carbon use;
1-Monitor your utilities
Smart devices now allow companies to understand and monitor their energy and gas usage in their building. It provides the necessary information to help you reduce your carbon footprint and become more environmental aware.
2- Reward Green Commutes
Encourage employees to switch to public transportation, carpooling, biking, telecommuting and other innovative ways to save energy and reduce greenhouse gas emissions on the way to and from work is a simple but very effective way to reduce carbon.
3- Commit from the top
Management must buy into the company culture of reducing its carbon footprint. It’s a team effort at the end of the day and it’s imperative that management set an example for their employees.
4- Staff training
Change begins with knowledge. Educating your employees is an excellent way to reduce your company’s carbon footprint. If your employees are aware of the company’s practices and strategies, they can greatly help in the long run by doing the smallest of tasks on a daily basis.
A Better Way
If you’d like to learn more about how your company can reduce it's carbon footprint, get in touch with us now.
Call us now on +353 (0) 14433147 or get in touch now with Kieran Murphy at email@example.com.