Finance Bill 2024: Deloitte Ireland on Sustainability
The Finance Bill 2024 is a significant piece of legislation that will shape the Irish economy for years to come. Sustainability is a key theme running through the Bill, with a number of measures aimed at promoting a greener, more sustainable future.
Key Sustainability Measures in Finance Bill 2024
Deloitte Ireland has analyzed the Bill and identified several key sustainability initiatives:
- Carbon Tax: The Bill proposes an increase in the Carbon Tax to €80 per tonne by 2028. This measure aims to incentivize businesses and individuals to reduce their carbon emissions.
- Climate Action Fund: The Bill establishes a new Climate Action Fund, which will be used to support the implementation of climate action measures.
- Renewable Energy: The Bill introduces various incentives for renewable energy generation, such as tax breaks and subsidies for solar and wind energy projects.
- Circular Economy: The Bill promotes a circular economy model by introducing measures to reduce waste and promote resource efficiency.
Deloitte Ireland's Perspective
Deloitte Ireland welcomes the government's focus on sustainability in the Finance Bill 2024. We believe these measures will be crucial in tackling climate change and driving economic growth.
Here's how we see the Bill impacting businesses:
- Increased Costs: The Carbon Tax increase will add costs for businesses, particularly those in energy-intensive industries.
- New Opportunities: The Bill presents opportunities for businesses to innovate and develop sustainable solutions, such as renewable energy generation and waste reduction technologies.
- Regulatory Compliance: Businesses will need to navigate new regulations and reporting requirements related to sustainability.
Deloitte Ireland is committed to supporting businesses in their sustainability journey. We offer a range of services, including:
- Sustainability Strategy Development: Helping businesses develop and implement sustainability strategies aligned with their business goals.
- Carbon Accounting and Reporting: Assisting businesses with measuring, managing, and reporting on their carbon footprint.
- Renewable Energy Solutions: Advising businesses on renewable energy options and helping them secure funding for sustainable projects.
Conclusion
The Finance Bill 2024 signals a clear commitment to sustainability from the Irish government. Deloitte Ireland is ready to work with businesses to help them navigate these changes and capitalize on the opportunities presented by a sustainable future.
For more information on the Finance Bill 2024 and its implications for your business, please contact Deloitte Ireland.
Keywords: Finance Bill 2024, Deloitte Ireland, Sustainability, Carbon Tax, Climate Action Fund, Renewable Energy, Circular Economy, Sustainability Strategy, Carbon Accounting, Renewable Energy Solutions.
