Budget 2027 in Ireland cuts fuel levies and rolls back the carbon charge on home heating oil and gas from €63.50 to €48.50 per tonne. The planned rise to €78.50 by May 1 is canceled, and the rate will not increase during the current government's term. Fuel excise relief is extended to end of February 2027. The package also includes €1.3 billion in personal tax cuts and an extra €1 billion for the sovereign wealth fund, which is targeting €100 billion by 2035. The move responds to protests from farmers and hauliers over fuel costs, but it also removes a key price signal for cutting emissions in home heating and transport. The Irish Fiscal Advisory Council says the budget breaks spending limits and leans too heavily on volatile corporate tax receipts. For anyone tracking carbon policy in Europe, this is a clear example of short term relief overriding the existing climate roadmap.
