Tuesday, 11 June 2019

Ceisteanna (760)

Paul Kehoe


760. Deputy Paul Kehoe asked the Minister for Communications, Climate Action and Environment the status of a scheme for retrofitting private dwellings; and if he will make a statement on the matter. [23491/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Communications)

The National Development Plan (NDP) demonstrates the Government’s commitment to meeting Ireland’s infrastructure and investment needs over the period 2018-2027. The Plan commits to investing €21.8bn in climate and low carbon related actions, of which, approx. €3.7bn is identified for funding residential energy efficiency upgrades and retrofitting oil heated homes with heat pumps and solar PV. The Plan identifies a target for retrofitting private dwellings of 45,000 homes per year to a Building Energy Rating B from 2021.

It is clear that the Exchequer alone will not be able to fund the scale and depth of retrofit activity that needs to happen in order for us meet our climate targets. For that reason, alternative financing options will have to play a part in Ireland’s strategy to decarbonise our buildings. Examples of these alternative approaches could include, for instance, the introduction of new mechanisms to lower the interest rates applicable to loans for energy efficiency works as well as energy performance contracting.

My Department is currently working with a number of key stakeholders to explore the potential for the introduction of new ways to support energy efficiency in homes, including financing options. The forthcoming All of Government Climate Plan will set out the actions to be taken to make Ireland a leader in responding to climate change and at a minimum meet our targets for the period to 2030.