Ireland has recently launched a €11m project to fund 50 cutting-edge research, development and demonstration energy projects, a recent news report has been able to suggest.
The projects include a scheme from Irish firm SustainabilityWorks to research the development of an innovative financial solution to home energy upgrades that includes low-interest rates, long-term finance, and a system that makes it easy and convenient for householders to access and repay the finance.
The projects are expected to develop solutions that will “deliver cleaner energy for our homes, businesses and communities.”
Announcing the fund, Minister for Communications, Climate Action and Environment, Richard Bruton TD, stated that moving to net-zero by 2050 represents a major challenge.
“The application of already known technology at scale and the harnessing of emerging potential will demand creativity and collaboration on a far greater scale. This funding will support the kind of innovation that is needed,” he said.
“The government is committed to meeting this challenge. The Climate Action Plan commits to a number of measures such as a €500m Climate Action Fund; €6bn ringfenced revenue from carbon price for climate action and funding for ongoing research in key areas of opportunity such as renewable energy, bio alternatives and land use management.
“The funding being announced today will contribute to this package of measures and will support 50 innovative projects, helping us deliver the step-up required.”
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