Capital Investment for Decarbonisation Processes

County Wexford Chamber

Under Ireland’s National Recovery and Resilience Plan (NRRP) (2021-2026), projects supporting the digital and climate transition of enterprise are being funded through the EU’s Recovery and Resilience Facility. This covers projects that will facilitate emissions reductions as part of a decarbonisation plan

 

Overview

The Capital investment for decarbonisation processes is funded under the Enterprise Emissions Reduction Investment Fund, the objective of which is to support companies to decarbonise their manufacturing combustion processes (i.e. heating from manufacturing processes) through investment in carbon abating capital equipment and technologies.

The fund aims to:

  • Reduce the payback period of key carbon reducing technologies at plant level by incentivising companies to invest in, and adopt these technologies
  • Increase the resilience of companies to climate change and support them to accelerate progress towards a net zero carbon pathway

The fund is operating under the Green Transition Fund, the overall objective of which is to accelerate the decarbonisation of Irish enterprise, as part of Ireland’s National Recovery and Resilience Plan, funded by the European Union.

Capital Investment for Decarbonisation Processes – Enterprise Ireland (enterprise-ireland.com)