Dáil Éireann Debate, Wednesday - 16 February 2022
59. Deputy Bríd Smith asked the Minister for the Environment, Climate and Communications the amount of the projected funding of €1 billion per year to the energy efficiency home-retro fitting programmes to 2030 that will come from central Exchequer funding or funds from the application of the carbon tax or any other source; and if a breakdown of the projected funding streams can be provided. [8635/22]
View answerThe Programme for Government and the Climate Action Plan set ambitious targets to retrofit 500,000 homes to a Building Energy Rating of B2 (or cost optimal equivalent), and to install 400,000 heat pumps to replace existing heating systems by 2030. The review of the National Development Plan (NDP) resulted in an unprecedented financial commitment to support achievement of the Government’s retrofit targets. A total of €8 billion of Exchequer funding (including €5 billion in carbon tax revenues) will be available to support residential upgrades to 2030.
The planned annual allocations for Residential Retrofitting as outlined in the Climate Action Plan 2021 are set out in the table below with adjustments to the 2022 figure reflecting the recent Government decision on specific supports to aid the delivery of Ireland's National Retrofit Programme.
|
Year |
2022 |
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
2029 |
2030 |
|
Planned Allocation (€m) |
267 |
291 |
380 |
469 |
641 |
898 |
1,257 |
1,760 |
2,000 |
In addition, the Department has been successful in its application for a further €111.7m for the Better Energy Warmer Homes Scheme to be included in the draft European Regional Development Fund (ERDF) Co-funded programme 2021-2027. The draft programme is currently being reviewed by the Regional Assemblies.
