Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Since 2008, accelerated capital allowances have been available for certain energy-efficient equipment. The full amount of the allowance can therefore be deducted in the first year rather than over the standard eight years. The scheme is designed to improve energy efficiency among Irish companies and sole traders and assist Ireland in meeting our national targets and both binding and non-binding EU targets and energy savings. The scheme was due to expire at the end of this year, and I am simply extending this scheme to 31 December 2020.