Tánaiste & Minister Ryan Launch New Climate Fund to Help Businesses Adapt
Minister Eamon Ryan and Tanaiste Leo Varadkar today launched the Climate Enterprise Action Fund with an initial allocation of €10m, to help businesses take action on reducing their emissions and embedding sustainability into how they work.
Tanaiste Leo Varadkar emphasised a need to "break the link between economic prosperity and fossil fuels and fully embrace the transition to a low-carbon economy".
The fund, which is administered by Enterprise Ireland, will support up to 850 companies at an early stage of exploring climate and sustainability to develop a high-level company action plan, which will enable them to measure their carbon footprint and identify projects leading to reduced emissions and greater resource efficiency.
It will support up to 100 more advanced companies to develop comprehensive multi-annual business plans with climate change and sustainability actions integrated into the company’s overall strategy.
The Fund will also support a small number of public/private partnerships working on high-impact feasibility projects that will enhance climate change and sustainability capabilities across Irish enterprise.