The capital investment priorities will represent a step-change in Ireland’s delivery of climate-action objectives, providing a significant reduction in carbon emissions over the period to 2030.
Investment priorities will include upgrading of 45,000 homes per annum from 2021, an additional 3,000-4,500 MW of renewable energy, full rollout of the Renewable Heat Support Scheme, transition to low emission, including electric, buses for the urban bus fleet, and a target of just under half of our vehicle fleet to be fully electric.
Among the major infrastructural projects over the next ten years will be the North-South and the Celtic interconnectors, the conversion of Moneypoint to electricity and continued development of gas infrastructure to support regional and rural development.
A new €500m Climate Action Fund will leverage further investment by public and private bodies, with a strong focus on interventions in the transport sector. There will also be substantial further investment in flood relief schemes to minimise the impact of river and coastal flooding.
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