The Climate Action Fund is one of four funds established under the National Development Plan 2018-2027 as part of Project Ireland 2040. The fund will support initiatives that contribute to the achievement of Ireland's climate and energy targets in a cost effective manner. It offers the potential for innovative interventions which, in the absence of support from the Fund, would not otherwise be developed.
The Fund will also seek to facilitate projects that contribute to other Government policy priorities including:-
- Supporting innovation and capacity building towards the development of climate change solutions capable of being scaled and delivering benefits beyond a once-off impact
- Generating wider socio-economic benefits such as job creation, air quality improvements, reduction in fuel poverty, bio-diversity and community resilience and development
The Department of Communications, Climate Action and Environment has responsibility for implementing the fund, which will have an allocation of at least €500 million over the period to 2027.
For further information, contact: ClimateActionFund@dccae.gov.ie.