The Minister for Enterprise, Trade and Employment, Peter Burke TD, has announced that €300 million will be available to drive the decarbonisation of Ireland’s industrial emitters over the coming years. The fund will be used by Enterprise Ireland and IDA Ireland to support client companies to reduce their industrial emissions between now and 2030 through the Environmental Aid scheme.
The Minister also published the Decarbonisation of Industrial Heat Roadmap, which sets out what the operating environment for energy used in manufacturing will look like in the future. It identifies the key interventions necessary to decarbonise heat-use in manufacturing sectors, including the supports that are available to companies, forthcoming regulations, and the policies underpinning them.
Commenting, Minister Burke said “I’m ringfencing €300m in funding to give these companies certainty that the government will support them in making these significant investment decisions so that Ireland can achieve our 2030 abatement target,” he said.
Dara Calleary, junior minister for enterprise, said it was the job of every business, large and small, to decarbonise. “While it’s something we all have to do, it should also be seen as an opportunity for businesses to improve their competitiveness … Becoming more sustainable can help a business to attract and retain talented staff, as well as meeting the growing customer demand for greener products and services”.
The vast majority of industrial emissions are generated by companies primarily in the food and beverage, cement, pharmaceutical, and chemicals sectors that are supported by Enterprise Ireland and IDA Ireland.
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