I thank Deputy Dooley for his question.
Ireland's necessary transition away from carbon-intensive sources of energy, towards more sustainable, renewable energy sources, will have a significant impact on the workers in these carbon-intensive sectors, their families and communities. This Administration has committed to delivering a whole-of-Government approach and to working with local stakeholders in order to ensure that a just transition is provided to those on whom that transition will impact. The most immediate challenge arises in the midlands. I have met key stakeholders there including the midlands regional transition team, the midlands regional enterprise plan steering committee and the midlands regional skills forum, all of which have adopted a central objective of a transition to a low-carbon economy for the region.
Budget 2020, as the Deputy correctly points out, includes a number of measures that will form part of the Government's approach to supporting a just transition. These include: €6 million for a just transition fund; €5 million for bog restoration and rehabilitation; and €20 million to deliver the new model to group housing upgrades. These measures will be immediately targeted at the midlands and will support retraining and reskilling workers and assisting local communities and businesses in the midlands to adjust to the low-carbon transition.
There will be further engagement with local stakeholders on the application of the funding and further details on the just transition fund will be announced shortly. Following extensive engagement between the ESB and the staff at Moneypoint and their trade unions, I understand that staff have accepted a proposal relating to the reconfiguration of the station based on a new lower-running regime. This proposal was accepted in a staff ballot which concluded on Friday, 4 October. This is a positive step in retaining an ongoing operation at Moneypoint. The ESB will continue to work with staff and their representatives to implement the agreement in a collaborative way in the face the challenges ahead. I assure the Deputy that the ESB remains committed to Moneypoint and, in line with its Brighter Future strategy and Government decarbonisation policy, the company is examining technology options for the plant that will deliver large-scale, low-carbon electricity generation, fuel diversity and security of supply when generation from coal ceases no later than 2025.
The agencies of the State will, through the services they provide, support the workers affected. I am open to receiving submissions from regional stakeholders on remaining challenges in respect of which support might be needed in the context of just transition.