Dáil Éireann Debate, Wednesday - 22 February 2023
46. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the amount of funding allocated for the green transition fund, including the climate planning fund for business and the enterprise emissions reduction investment fund, under the Supplementary Estimate for 2023; and if he will make a statement on the matter. [9112/23]
View answerIn Budget 2022, Government announced that €55 million would be made available under the National Recovery & Resilience Plan to assist enterprises through the Green Transition Fund. This budget is split into two streams, the Enterprise Emissions Reduction Investment Fund (€30m) and the Climate Planning Fund for Business (€25m) which will both run from 2022 and 2025.
The Green Transition Fund was officially launched by the then Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD, Minister of State at the Department of Justice and Equality with responsibility for Law Reform, James Browne TD and Minister of State for Land Use and Biodiversity, Senator Pippa Hackett on 16th June 2022.
Funding allocated to the Green Transition Fund in 2023 totals €16m. As this is a multi-annual fund, the total funding available is made up of €10m in funding approved in 2022 and carried over into 2023, as well as an additional €6m in funding allocated for 2023.
There has been no supplementary funding sought for this Scheme in 2023 and any funding requirements through a supplementary estimate will be determined later in the year.
