Technological innovation (digitalization / hydrogen/ CCUS‚ etc.)

Climate Action Fund (CAF) The CAF was set up to support the funding of initiatives of public and private bodies which contribute to the achievement of Ireland’s climate and energy targets in a cost effective manner. The CAF is one of the National Development Plan funds and has an allocation of at least €500 million over the period to 2027 which will come from the National Oil Reserves Agency (NORA) levy. The CAF seeks to support projects that would not otherwise be developed and seeks to facilitate projects that as well as having a climate impact will also contribute to other Government policy priorities related to climate and the environment.
In late 2018 seven projects from the first call for funding requests were successful in their applications for CAF support. Once validation is complete, up to €77 million of support will be provided to these projects and this should leverage a total of €300 million investment.
A second call is expected later in 2020.

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