Oireachtas Joint and Select Committees

Tuesday, 13 December 2022

Joint Oireachtas Committee on Agriculture, Food and the Marine

Forestry Strategic Vision: Coillte

Ms Imelda Hurley:

The reality in terms of delivering afforestation is Ireland is that grants and premia are needed to enable that to happen. The fund will seek access to grants and premia. In the context of the engagements we are having in respect of the fund, it is pleasing and important that there is significant interest from Irish investors as well as from international investors. The scale of the challenge, not only in accessing and identifying land, as Deputy Fitzmaurice mentioned, but also in the context of the capital required to deliver the afforestation targets in the climate action plan, is significant.

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