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 electricity generation plant to end the burning of coal by 2025 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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