At least €500 million is expected to be available from the Climate Action Fund over the period to 2027 to support projects, initiatives and research that contribute to the achievement of Ireland’s climate and energy targets and goals.
To date, just over €140 million has been committed from the Climate Action Fund for a range of projects, including in relation to district heating, EV infrastructure, creative climate action, co-financing for EU LIFE projects, and a Community Climate Action Programme. Through the Community Climate Action Programme, announced on 10 November 2021, €60 million will be invested in community climate action projects and initiatives, as well as capacity building, over the next three years.
Following on from the commencement of the Climate Action and Low Carbon Development (Amendment) Act 2021 earlier this year, nature-based solutions that contribute to climate action are now eligible for support from the fund. In the context of the Community Climate Action Programme, there will be opportunities for relevant nature-based projects and initiatives to be supported under the local climate and environmental action theme of that programme.
As a next step, an open call will be developed for launch in 2022 aimed at providing funding for further projects aligned with the objectives of the Climate Action Plan 2021.