Dáil Éireann Debate, Tuesday - 16 November 2021
224. Deputy Neasa Hourigan asked the Minister for Finance his plans to prepare a climate finance roadmap as per action 430 of the Climate Action Plan 2021; and if he will make a statement on the matter. [56026/21]
View answerThe Climate Action Plan 2021 is the all-of-Government plan that sets out the steps and actions we need to take to halve our emissions by 2030 and aim to reach net zero no later than 2050. This transformation will impact on all sectors of the economy and finance flows should be consistent with a pathway towards low greenhouse gas emissions and climate resilient development.
Ireland recognises international climate action as a major priority in light of the threat climate change presents to the world, including the achievement of the Sustainable Development Goals and how climate change drives humanitarian needs. Ireland targets international climate finance towards helping the poorest to adapt to climate impacts, in the sectors and countries where they are most affected.
As mentioned in the Climate Action Plan 2021, the Programme for Government has committed to at least doubling the percentage of Ireland’s Official Development Assistance that is spent on international climate finance by 2030. This month at COP26 in Glasgow, the Taoiseach announced that Ireland will be contributing at least €225 million annually in climate finance by 2025 – increasing Ireland’s contribution to the developed countries’ agreed collective climate finance goal of $100 billion per year. The Climate Finance Roadmap will set out how we achieve this aim.
The Department of Foreign Affairs are leading on preparing the Roadmap. They will develop it in close collaboration with my own Department, as well as the Department of the Environment, Climate and Communications, Department of Agriculture, Food and the Marine and other relevant stakeholders. We look forward to working with Foreign Affairs and other colleagues to help prepare this important Roadmap in a coherent whole-of-Government manner.
