Roderic O'Gorman (Dublin West, Green Party)
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113. To ask the Minister for Finance the amount transferred to the Infrastructure, Climate and Nature Fund to date; and if he will make a statement on the matter. [39172/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy will be aware, the Infrastructure, Climate and Nature Fund (ICNF) was established last year alongside the Future Ireland Fund (FIF). These two long-term savings funds aim to assist with addressing known future fiscal and economic challenges.

The ICNF will, subject to the results of an annual economic and fiscal assessment, receive a transfer of €2 billion each year between 2025 and 2030. It will be subject to a formal review after that period.

In September 2024 the ICNF received a transfer of €2 billion from the National Reserve Fund (NRF).

Following the results of the 2024 economic and fiscal assessment, published last year alongside Budget 2025, the Minister for Finance announced that the annual transfer of €2 billion to the ICNF would proceed this year along with €4bn transferring to the Future Ireland Fund.

There will be €4 billion in the ICNF by year end.

The determination of the transfer of resources to both funds is an annual one which will be carried out in the context of the 2026 Budget.

As outlined in the Programme for Government 2025, the review of the National Development Plan has encompassed all public capital investment, including the Escrow Fund, other share sales, and broader State funds including the Infrastructure, Climate and Nature Fund.

The allocation of the resources of the Fund to climate and nature projects will be determined in the context of the development of the National Development Plan in a process overseen by the Minister for Public Expenditure, Infrastructure, Public Sector Reform and Digitalisation in conjunction with other relevant Ministers.