Dáil Éireann Debate, Tuesday - 27 February 2024
80. Deputy Eoin Ó Broin asked the Minister for the Environment, Climate and Communications if an analysis has been conducted of the volume of emissions reductions associated with each euro spent by the climate action fund. [8819/24]
Amharc ar fhreagraThe Climate Action Fund may fund a number of projects, not all of them relate directly to emissions reductions. The following lists the types of projects the CAF may fund under section 37B (9) of the NORA Act 2007 (as revised):
(a ) to support projects that seek to reduce, or support the reduction of, greenhouse gas emissions in the State;
(b ) to support projects that seek to increase the production, or use, of renewable energy in the State;
(c ) to support projects that seek to improve energy efficiency in the State;
(ca ) to support projects that seek to increase climate resilience in the State;
(cb ) to support nature based projects that enhance biodiversity and seek to reduce, or increase the removal of, greenhouse gas emissions or support climate resilience in the State;]
(d ) to support initiatives involving potentially innovative solutions to—
(i) reduce greenhouse gas emissions in the State,
(ii) increase the production or use of renewable energy in the State,
(iii) increase energy efficiency in the State,
(iv) increase climate resilience in the State,
(v) increase the removal of greenhouse gas in the State,
(vi) enhance biodiversity through nature based projects that seek to reduce, or increase the removal of, greenhouse gas emissions or support climate resilience in the State;]
(e ) to support research in relation to—
(i) reducing greenhouse gas emissions in the State,
(ii) increasing the production, or use, of renewable energy in the State,
(iii) increasing energy efficiency in the State,
(iv) increasing climate resilience in the State,
(v) increasing the removal of greenhouse gas in the State,
(vi) enhancing biodiversity through nature based projects that seek to reduce, or increase the removal of, greenhouse gas emissions or support climate resilience in the State;]
(f ) to support projects and initiatives in regions in the State and within sectors of the economy impacted by the transition to a low carbon economy.
Estimated greenhouse gas savings may be calculated for relevant projects at application and validation stage. However, the actual figure of emissions reductions associated with each euro spent will not be known until the projects complete, and their final report is assessed. Currently no such projects have completed.
