Irish government unveils climate action fund supporting NGV project

Irish government unveils climate action fund supporting NGV project

The Prime Minister of Ireland, Leo Varadkar T.D.; the Minister for Communications, Climate Action and Environment, Richard Bruton T.D.; and the Minister for Finance, Public Expenditure and Reform, Paschal Donohoe T.D., announced the successful projects for the first round of the Government’s new Climate Action Fund, as part of Project Ireland 2040, which will provide a total investment of €500 million. Nearly 100 applications were received and €77 million is being allocated to seven projects. As a result of new initiatives, there is a potential to reduce annual emissions by over 200,000 tons of carbon. One of the seven projects approved by Minister Bruton is led by Gas Networks Ireland. The ‘GRAZE Gas – Green Renewable Agricultural Zero Emissions Gas Up’ project will receive €8.5 million to support the installation of the first transmission connected Central Grid Injection (CGI) facility for renewable natural gas, a renewable natural gas logistics operation, two CNG stations and a grant scheme to support circa 74 CNG vehicles. “Project Ireland 2040 provides for an unprecedented investment of €22 billion in climate action over the next decade; the largest single package within the Plan. Our commitment and determination to climate action is evident. From next July, no new diesel-only buses will be bought by Dublin Bus and from 2030, no new diesel or petrol cars will be sold in Ireland,” said Prime Minister Varadkar. “The projects being announced today have the potential to make a real difference in the area of climate action and, most importantly, they will hit the ground running.” “The decisions we make now in tackling climate change will define the next century. I want to make Ireland a leader in responding to climate change, not a follower. That will require a significant step change right across our society,” commented Minister Bruton. “The projects we are supporting under the Fund, will support decarbonization across the transport, heat, electricity and agriculture sectors, and demonstrate the types of investments we need to make.”

https://www.ngvjournal.com/s1-news/c1-markets/irish-government-supports-ngv-project-under-new-climate-action-fund/

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