Press release
Cabinet approves €108 million funding for groundbreaking Bord na Móna bog rehabilitation plan
From Department of the Environment, Climate and Communications
Published on
Last updated on
From Department of the Environment, Climate and Communications
Published on
Last updated on
The Minister for the Environment, Climate and Communications, Eamon Ryan TD has announced two major funding allocations for the Just Transition programme in the Midlands, designed to assist communities transitioning out of peat harvesting and into a new, green and sustainable economy.
The cabinet today approved funding of €108 million for Bord na Móna’s large-scale peatlands restoration project. The Scheme will protect the storage of 100 million tonnes of CO2 emissions, enhance biodiversity, create 310 jobs and will contribute to Ireland’s target of being carbon-neutral by 2050. Through the implementation of the scheme, it is also estimated that over the period to 2050, 3.2million tonnes of CO2 emissions will be avoided (including an amount of future carbon sequestration), in comparison to a standard rehabilitation scenario. The Government funding, which will come from the Climate Action Fund, will be bolstered by an €18 million investment from Bord na Móna, who are committed to a “brown to green” transition.
Many of those employed in this project will be former peat harvesters who have an intimate knowledge and long history of working on our bogs.
In further good news for the region, provisional offers of funding, totalling €27.8 million, have been made today to 47 projects in the midlands under the Just Transition Fund. The projects represent innovative and inspiring plans from businesses, local authorities and communities in the midlands who are committed to creating a green and sustainable economy for the region. This dedication from the community and targeted support will make the region an attractive and sustainable place to live and work. It will fund training and reskilling so local businesses and communities can adjust to a low-carbon transition.
The successful projects, which have been offered funding greater than €100,000 each, include:
Minister Ryan, who is visiting Lough Boora in County Offaly, where he will meet representatives of workers and management at Bord na Móna, said:
“The government decision to commit €108 million in funding to the bog rehabilitation scheme for thousands of hectares of peatlands is a major milestone. The potential of our boglands to capture and store millions of tonnes of carbon over the years is phenomenal. Bog rehabilitation and remediation is a wonderful example of Just Transition in action, where workers who previously harvested peat for power generation will now be the custodians of our bogs. This project will turn carbon sources into sinks, restore biodiversity and help us meet our climate goals. Employing 350 people, it will also be a pilot project for the just transition we need to make as we adapt our society and economy to tackle climate change. I would also like to thank the Minister of State for Heritage Malcolm Noonan and our National Parks and Wildlife Service for their role in this project. ”
Minister Ryan is also meeting some of the successful applicants for Just Transition funding:
“I am delighted to visit the Midlands today and see and hear first-hand about the kind of innovative projects that are being generated here. From the applications received to the Just Transition Fund, it is clear that the midlands region is ready and able to create a new, low-carbon future, developing sustainable employment for generations to come. I am inspired by the commitment from communities, individuals and businesses in the region to this journey and by the entrepreneurial and innovative spirit of the region. I very much look forward to these projects becoming reality and providing the opportunities that the people of the midlands deserve."
Just Transition Commissioner, Kieran Mulvey commented:
“I welcome today’s announcement that further funding is being offered to these projects in the Midlands. Every funded project will play a key role in the Midlands successfully adapting to a Just Transition while also benefitting communities and individuals most affected by the move away from peat-harvesting. These innovative projects include sustainable retrofitting activities and carbon-neutral growing initiatives. The establishment of regional business hubs, supporting local business development and green enterprises, tourism, heritage and active mobility projects, re-skilling and training initiatives. All these projects have the ability to transform the Midlands region and its communities. They will bring new, innovative, green energy enterprises with the potential to boost the economy of the region and create jobs.”
Bord na Móna Chief Executive Tom Donnellan said;
"This is a major win for Ireland’s progress on Climate Action. Peatlands only cover 3% of the Earth’s surface but hold 30% of all the Carbon stored on land. They have a unique natural power to capture carbon and deliver significant wins for us and for future generations. Bord na Móna’s new Peatlands Restoration Plan will work with nature to make this happen and will demonstrate its leadership role in climate action, delivering on government policy and national decarbonisation objectives.”
ENDS
A full list of the projects which have received offers can be found here.
The Just Transition Fund is financed by the Government of Ireland from carbon tax revenues with an additional €5m committed by the ESB.
Projects which today have been issued a provisional offer are for applications for funding for €100,000 and above.
These are provisional offers only and applicants will be required to provide verification information to support applications, including evidence of match funding, insurances and any additional consents, before a final offer will be made.
Provisional offers for funding are subject to a State Aid assessment by the Department of the Environment, Climate and Communications. Applicants will be informed if state aid is applicable to their project and if applicable, will engage in a process to calculate the level of funding which can granted through the Just Transition Fund.
Approved projects announced today are in addition to 16 successful projects, each with a value under €100,000, which were published on 9 September 2020.