What is the Low Carbon Economy?
Low Carbon Economy is a goal of the European Union targeted by the four programmes listed below. The goal of these measures is to help Ireland’s economy transition to more energy efficient and environmentally friendly technologies, processes and infrastructure.
For an example of how this funding was used in programmes between 2007 and 2013, read this case study.
Funding for the Low Carbon Economy: 133 million euro from the Southern and Eastern Regional Operational Programme, 36 million euro from the Border, Midland and Western Regional Operational Programme, 1.9 billion euro from the Rural Development Programme and 3 million euro from the EMFF Operational Programme for Ireland.
Examples of Low Carbon Economy Projects
Social Housing Retrofit
European Regional Development Fund
Local Authorities will be eligible for two schemes aimed at thermal and energy efficiency retrofits of social housing.
One will retrofit up to 2,000 apartments in the cities of Dublin, Limerick, and Cork. The other will offer insulation retrofits of occupied houses and full retrofits of vacant houses in all local authority areas.
For more information, go to the Department of Housing’s website.
Engine Replacement
European Maritime and Fisheries Fund
As part of the on-board investments portion of the Sustainable Fisheries Scheme, €3 million worth of grants will be available for replacing Fishing Vessel engines with more energy efficient alternatives.
To find out more about this scheme, please take a look at the Bord Iascaigh Mhara website.
Better Energy Warmer Homes
European Regional Development Fund
This scheme is run by the Sustainable Energy Authority of Ireland. Houses built before 2006 are eligible for grants at no cost to homeowners. Grants for energy efficiency measures are targeted at low-income households.
An example of this kind of support is given in this case study
To find out more about this scheme, please go to the website of the Sustainable Energy Authority of Ireland.
Beef Data Genomics Programme
European Agricultural Fund for Rural Development
The Beef Data Genomic Programme incentivises farmers to undertake a range of actions designed to deliver accelerated genetic improvement in the quality of the beef herd and, as a result, the associated climate benefits such as reduced emissions intensity.
The Department of Agriculture, Food and the Marine coordinate activities with trained advisers and beef farmers to achieve worthwhile effects on their herd’s carbon footprint. Learn more in the full report.
Which Funds invest in the Low Carbon Economy?
Each of the Funds below invests in Low Carbon Economy. Click on these tiles to explore the other investments made by each Fund.
