The Government has committed to increasing public capital investment to about 4% of GNI* and then maintaining public investment at this level over the remaining period of the National Development Plan (NDP).
The NDP has pledged that €21.8 billion will be invested in the low carbon transition. This includes €7.6 billion in Exchequer funding and €14.2 billion of non-Exchequer funding - mainly investment by the commercial State sector. In addition, €8.6 billion of Exchequer funding is allocated for investment in Sustainable Mobility, with €8.8 billion investment planned in Sustainable Management of Water and other Environmental Resources and a further €14.5 billion allocated to Compact Growth.
This investment will fund numerous flagship investment programmes, from supports for energy efficiency, to the delivery of major new public transport projects such as MetroLink. Details of the projects that will be supported by this investment are available from the relevant Departments.
The breakdown of the resource allocations for the delivery of the National Strategic Objectives most relevant to Climate Action over the period of the NDP (2018-2027) is provided in Table 1 attached. In terms of annual allocations, Departmental Exchequer capital allocations are available for the period 2019-2022 (see attached Table 2 which sets out the Exchequer capital allocations for the Departments most relevant to the climate action NSOs). The intention is to extend these further in Budget 2020.
Table 1. Indicative resource allocations for the delivery of NSOs, and for named Strategic Investment Priorities under each NSO, over the period 2018-2027
€ billion
|
Exchequer
|
Non-Exchequer
|
Allocation
|
Sustainable Mobility (Lead Department: DTTAS)
|
|
|
8.6
|
of which: Dart Expansion
|
2.0
|
|
|
Metro Link
|
3.0
|
|
|
BusConnects Programme
|
2.4
|
|
|
Transition to a Low-Carbon and Climate-Resilient Society (Lead
Departments: DCCAE, DTTAS, DAFM, OPW, commercial SOEs)
|
|
|
21.8
|
of which: Energy Efficiency - housing retrofit
|
3.0
|
|
|
Energy efficiency in public buildings
|
0.8
|
|
|
Boiler replacement
|
0.7
|
|
|
Support Scheme for Renewal Heat
|
0.3
|
|
|
Climate Action Fund
|
|
0.5
|
|
Electric vehicles
|
0.2
|
|
|
Flood Defences
|
1.0
|
|
|
Energy Investment (renewables, interconnection, etc)
|
|
13.7
|
|
Table 2. Departmental Capital Allocations
Departmental Capital Allocations 2018-2022
|
2019
|
2020
|
2021
|
2022
|
Ministerial Vote Group
|
|
|
|
(€ million)
|
Communications, Climate Action & Environment
|
277
|
297
|
317
|
400
|
PER Group (incl. OPW)
|
201
|
214
|
223
|
232
|
Transport, Tourism & Sport
|
1,613
|
2,058
|
2,526
|
2,405
|
Agriculture, Food & the Marine
|
255
|
258
|
265
|
275
|