Dáil Éireann Debate, Tuesday - 9 May 2023
146. Deputy Ivana Bacik asked the Minister for the Environment, Climate and Communications if he will provide both the allocation and drawdown of Renovate Wave funding by Ireland in 2020, 2021, 2022 and the forecasted drawdown in 2023. [21580/23]
View answerRenovation Wave is an EU Commission strategy and action plan launched in 2020 aimed at Member States increasing their renovation of buildings, with a view to driving energy efficiency. It is not a direct funding mechanism and as such, no Renovation Wave funding has been allocated or drawn down.
The Renovation Wave strategy sets out the Commission intention to ensure various EU funding sources may be used by Member States towards facilitating renovation and building retrofits, such as EU cohesion funds and the EU Recovery and Resilience Facility. In addition, the strategy notes that Member States should seek to leverage private finance where possible, for example, through public private partnerships, green loans etc. An example of where EU funds are being leveraged is the OPW project on retrofitting Tom Johnson House which is being funded via the EU Recovery and Resilience Facility. My Department will be moving into Tom Johnson house in the coming year, which will have improved building quality and energy performance following renovation and retrofitting.
