€55m fund announced to help businesses transition from fossil fuels

The Green Transition Fund will have two elements, the Climate Planning Fund for Business and the Enterprise Emissions Reduction Investment Fund for the manufacturing industry

'Putin’s war on Ukraine has highlighted the vulnerability of becoming too reliant on finite resources controlled by other states,' said Tanáiste Leo Varadkar.

The Government has announced €55m in funding to entice businesses to move away from fossil fuels.

The Green Transition Fund is part of the State’s National Recovery and Resilience Plan (NRRP), which is funded by the European Union.