Written answers

Tuesday, 3 October 2023

Department of Communications, Climate Action and Environment

Environmental Policy

Photo of Joe McHughJoe McHugh (Donegal, Fine Gael)
Link to this: Individually | In context | Oireachtas source

150. To ask the Minister for Communications, Climate Action and Environment his views that €70 million is sufficient to drive zero carbon investment in industry through scaling up and expanding industry supports in 2026; and if he will make a statement on the matter. [42161/23]

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party)
Link to this: Individually | In context | Oireachtas source

Climate Action Plan 23 recognises that a range of supports, of both a financial and technical nature, are required to support the decarbonisation required for the Industry Sector to meet its sectoral emissions ceiling for the 1stand 2ndcarbon budgets. These supports are provided through the Sustainable Energy Authority of Ireland (SEAI), Enterprise Ireland (EI) and the Industrial Development Authority (IDA).

In preparing Climate Action Plans, estimates are provided for additional economy-wide capital investment required to deliver the measures and actions. These capital cost estimates do not distinguish between Exchequer and private investment, as that will be determined by the policy pathways selected for implementation of the measures and actions. Climate Action Plan 2023 contained an estimated economy-wide capital cost figure of €119 billion for the period 2021-2023.

EI and IDA Ireland administer the Green Transition Fund (GTF) and other funding sources to support the decarbonisation of Irish industry. The GTF is part of Ireland’s National Recovery and Resilience Plan, and it commits to accelerating the decarbonisation of the industry sector by:

- providing supports for Irish small and medium enterprises and exporters to address their emissions

- investing in carbon measurement and abatement technologies for manufacturing companies

The SEAI offers a range of initiatives and supports to improve business energy efficiency. These include Government funded Excellence in Energy Efficiency Design (EXEED) and a Support Scheme for Renewable Heat. The SEAI supports businesses providing free training for energy audits and provides financial supports to those businesses that want to invest in energy efficiency.

Comments

No comments

Log in or join to post a public comment.