The National Development Plan (NDP), published in February 2018, commits to a significant step change in funding available for climate action over the next decade. Reflecting the strong commitment of Government on this issue, almost €22 billion will be directed, between Exchequer and non-Exchequer resources, to addressing the transition to a low-carbon and climate resilient society. A further €8.6bn will be made available for investments in sustainable transport measures. This capital investment will enable us to deliver a significant reduction in our greenhouse gas emissions over the period to 2030. Initial estimates of the potential emissions reduction contribution from full delivery of the relevant commitments in the NDP are set out in the 2018 Annual Transition Statement, published by my Department and laid before the Houses of the Oireachtas on 3 December last. These estimates suggest a cumulative total savings in greenhouse gas emissions of approximately 22 million tonnes of CO2 over the period 2021 to 2030, when compared to the most recent emissions projections published by the Environmental Protection Agency (EPA) in May 2018. Work to further refine this initial estimate is continuing in the context of the draft National Energy and Climate Plan and the EPA's 2019 emissions projections.
Where the proposed commitment in the NDP is directly relevant to the achievement of Ireland’s climate targets and specific policy assumptions can be made about the delivery of a given commitment, the cumulative effect of such commitments will be incorporated into projections included the draft National Energy and Climate Plan and in the annual emissions projections report prepared by the EPA.