Enterprise Ireland Approves €55 Million for Decarbonisation in 400 Irish Companies

Deal News | Nov 05, 2024 | Enterprise Ireland

Enterprise Ireland has announced the approval of over €55 million in funding aimed at promoting decarbonisation among more than 400 Irish businesses. This initiative is set to significantly reduce carbon emissions, with an estimated abatement of approximately 130,000 tonnes of CO2. This funding milestone reflects Enterprise Ireland's ongoing commitment to supporting sustainable practices and green innovations within the Irish business community. The funding will also bolster Ireland’s national effort to meet its climate action targets by backing companies in sectors ranging from manufacturing to IT. This effort demonstrates a critical step in integrating sustainable development into economic growth across the country.

Sectors

  • Renewable Energy & Environmental Services
  • Corporate Finance

Geography

  • Ireland – The funding initiative specifically targets Irish businesses to support national climate targets.

Industry

  • Renewable Energy & Environmental Services – The funding aims to support decarbonisation efforts, promoting environmental sustainability.
  • Corporate Finance – Enterprise Ireland's funding decision plays a crucial role in corporate financing for sustainable development.

Financials

  • €55 million – Amount of funding approved by Enterprise Ireland for decarbonisation efforts.

Participants

NameRoleTypeDescription
Enterprise IrelandPE FirmCompanyA government organization responsible for supporting Irish businesses in growth and innovation, particularly in the area of sustainable practices.