Ireland’s carbon tax, introduced in 2010, applies to fossil fuels not covered by the EU ETS, aiming to reduce GHG emissions while supporting energy efficiency, alleviating fuel poverty, and promoting sustainable farming. As of 2024, the tax is set at €56 (US$60.19) per ton, with annual increases scheduled to reach €100/tCO2 by 2030. Exemptions apply to fuels used in electricity production, certain industrial processes, commercial aviation, and installations covered by the EU ETS. The next scheduled increase to €63.50 per ton is set for October 2024, continuing the annual trajectory.