Updated: 26 Jan 2021, 17:38
IRELAND’s eco drive is heating up with a massive €390million invested in sustainable energy transition projects.
Government funding of €121million- as well as €270million in privately leveraged funds - were pumped in over the last year as part of the nation’s bid to hit its climate action targets.
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Govt funding of €121m were spent last year as part of Ireland s bid to hit climate action targetsCredit: Getty Images - Getty
Officials revealed the investment resulted in €21 million cost savings annually and a 93,000 tonnes reduction in CO2 emissions.
The investment included €90million for building energy retrofits, with some 20,700 homes and 240 community and commercial facilities upgraded.
Updated / Tuesday, 26 Jan 2021
14:04
Retrofitting homes accounted for the bulk of the investment in Ireland s sustainable energy transition by the SEAI in 2020
Up to €90 million was invested in building energy retrofits last year, according to figures from the Sustainable Energy Authority of Ireland.
It accounted for the bulk of the investment in Ireland s sustainable energy transition by the SEAI in 2020.
The total investment amounted to €121 million in the year.
20,700 homes and 240 community and commercial facilities were upgraded, the figures show.
4,843 new electric vehicle purchases and 3,523 home charger installations were supported in the year.
A further €5 million was invested in renewable and ocean energy research, development, and demonstration projects.