Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Scrutiny of EU Legislative Proposals - Net Zero Industry Act

Ms Gillian Kinsella:

With respect to funding, whether it is bespoke or we use the frameworks we have, we are looking to understand what the best route is right now. Essentially, we have some options. Recently, earlier on this year, we saw the launch of the European Hydrogen Bank and that will provide some funding into the sector. It is looking to run a pilot auction later this year and has a concept known as an auction as a service, so individual member states can use that framework and use funding from a national perspective to support projects. An assessment will need to be undertaken to understand if we can maximise the option there versus bespoke measures we have, and how we potentially link them into the frameworks in place at the moment. There is the renewable electricity support scheme, both onshore and offshore, and there potentially needs to be linkage there. Therefore, we need to understand how the whole design might fit together.

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