Government launches €10m fund to help companies cut emissions

Photo by Tyler Casey on Unsplash

Tánaiste Leo Varadkar said

The road to recovery after the pandemic, must be a sustainable one.

 

The Government has launched a new €10 million fund to help businesses take action to drive down their emissions and embed sustainability in how they work.

The Climate Enterprise Action Fund, which will be administered by Enterprise Ireland, will fund up to 850 companies at an early stage of exploring climate and sustainability to develop a high-level company action plan.

It will also fund up to 100 more advanced companies to develop comprehensive multi-annual business plans with climate change and sustainability actions integrated into the company's overall strategy.

Tánaiste Leo Varadkar said the road to recovery after the pandemic, must be a sustainable one.

 

CLIMATE ACTION

As the world aims for net zero emissions by 2050, the transition to low carbon has become a defining force for business. For Irish companies, this means opportunities to compete and grow as global investment in a greener future accelerates. But it also creates the need to comply with enhanced regulations, as well as the demands of investors and customers for credible sustainability impact and reporting.

The new Climate Enterprise Action Fund supports Irish companies to build the capabilities required to deliver sustainable products, services and business models. This is done via three supports: The Climate Action Voucher, Green Start and Green Plus

 

CLIMATE ACTION VOUCHER

The Climate Action Voucher is available to eligible companies to access up to 2 days independent technical or advisory services support related to the current and future operations of their business. The voucher may be used to obtain services from approved providers (directory link available below).

The objective of the Climate Action voucher is to help companies prepare a plan for the low carbon, more resource efficient economy of the future whether a company is starting out on their green transformation journey or have already started. Scientific evidence shows that we must act now to limit global warming to 1.5°C to avoid the catastrophic consequences of climate change. This translates to halving greenhouse gas emissions every decade starting now to achieve net-zero emissions by 2050.

It is expected that outcomes of this short assignment will lead to further training/technical feasibility/innovation/ capital projects, i.e. it will start companies on a journey of activities.

READ MORE : https://www.enterprise-ireland.com/en/Productivity/Build-a-green-sustainable-Business/Climate-Action-Voucher/Climate-Action-Voucher.html

 

GREEN START

The aim of the GreenStart assignment is to improve environmental performance through greater resource efficiency helping companies achieve competitive advantage and greater market share through enhanced credentials and cost savings. Projects may vary in scope from implementing a structured environmental management and reporting system to understanding the carbon or environmental footprint of products or services.

Companies can apply for grant support towards the cost of hiring a Green consultant/trainer to undertake a short in-company assignment.

Eligible assignments may include:

  • Guidance with basic Environmental Management System based on ‘Plan, Do, Check, Act’ continuous improvement philosophy
  • Guidance with developing a corporate sustainable strategy and aligning to national/international frameworks e.g. Origin Green, UN Environmental SDGs, CDP.
  • Guidance with Life Cycle Assessment
  • Guidance with Circular Economy thinking and transition to circular economy business models

Companies can apply for grant support towards the cost of hiring an Environmental consultant/trainer to undertake a short in-company assignment which will introduce environmental best practice systems and structures, achieve cost reduction targets and lay a foundation for future environmental improvement projects.

For more information including eligible activities, download GreenStart Assignment Guidelines (.docx)

 

GREEN PLUS

A GreenPlus project is a medium-scale training project facilitated/supported by an external environmental expert.

The aim of the project shall be to develop a high level of environmental management capabilities, drive environmental efficiencies and achieve improved sustainability by establishing and embedding continuous improvement systems and behaviours. This will increase the agility and resilience of client companies to climate change impacts.

Eligible activities include developing a comprehensive climate change and sustainability plan and aligning to international standards and frameworks.

In order to support the change process within the company, the grant can also be used to cover part of the salary cost for up to 10 company green project team members over the project duration. The goal of the project team members is to develop and implement environmental best practice within the company by learning themselves and subsequently training others in environmental improvement tools and techniques. The project team members will be responsible for driving continuous environmental improvement and efficiency.

Projects may vary in size and scope but will typically be 12 months in duration.

 

Sources:

https://www.rte.ie/news/business/2021/0415/1210112-govt-launches-10m-fund-to-help-companies-cut-emissions/

https://globalambition.ie/climate-enterprise-action-fund/