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:

On the climate and nature aspect of the fund, part of this is to meet climate targets - it could be in renewables, including turbines - and then to meet the biodiversity side in the context of the protection of certain species. Ultimately, that is a matter for the relevant Departments. As the projects come through, our role is basically to establish the fund and set it up in legislation for the NTMA.

The prioritisation of the projects will be for discussion by the relevant Departments to see how it goes. It falls back to planning and other aspects. Unfortunately, I cannot give the Deputy a definitive answer. Our focus in the proposed legislation is that there are trigger points to be met and we then have a framework for the selection of the best projects in respect of the climate and nature, and we need to meet those targets.