Oireachtas Joint and Select Committees

Wednesday, 22 November 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion

Mr. Oliver Gilvarry:

Again, with the money that will come out in the climate and nature aspect, that would go to the relevant Departments. In this case it could be agriculture or heritage. Some of this will come through under the kind of guidance issued by the Minister through his officials in the Department of Public Expenditure, National Development Plan Delivery and Reform. The objective is that it would reduce then. If we have a system where a capital project or investment is not achieving that, it will not meet the criteria. That will be a framework that will have to be put in place as the legislation is brought through.