Christopher O'Sullivan (Cork South West, Fianna Fail)
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41. To ask the Minister for Enterprise, Trade and Employment the support his Department is providing to the Climate Transition Fund; and if he will make a statement on the matter. [52653/21]

Leo Varadkar (Dublin West, Fine Gael)
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Sustainability and energy efficiency must become integral to the strategic planning of all businesses. As previously announced in the Revised NDP, we will provide €10 million in funding to help businesses decarbonise and prepare for the future. This is designed to kick start new areas of economic growth, providing long-term, future-proofed jobs.

Provision has been made in Budget 2022 for establishing a Scheme as part of Ireland’s National Recovery and Resilience Fund to assist in carbon abatement in the enterprise sector and building further capacity to address emerging climate change issues. Over the period 2022-2026 a total amount of €55 million has been allocated to this fund including a €10 million allocation for 2022.

My Department is currently developing the funding scheme along with our agency Enterprise Ireland addressing the challenges and opportunities in transitioning to a low carbon and sustainable economy.