The scheme issued by the Department of Environment is designed to incentivize businesses to embark on a comprehensive economic transformation by reducing their carbon emissions. This starts with Phase A, where businesses identify their carbon footprint and develop strategies for reduction, including essential studies such as a GHG Emissions Monitoring Plan, Inventory, Verification, and a GHG Reduction Action Plan. Applications are open until the 30th of September 2024, with a budget of €5 million.

Phase B involves implementing the action plan and receiving financial rewards based on the achieved GHG emissions reductions, with a budget of €15-20 million.

Eligible Expenses:

The eligible expenses include:

• Development of a greenhouse gas (GHG) emissions monitoring plan.

• Inventory and verification of GHG emissions based on the reference year (average of 2022-2023).

• Preparation of a GHG Reduction Action Plan by 2030.

• Validation of future GHG reductions or removals for each action.

Eligible Actions/Investments for the Next Call:

• Roof and wall insulation

• Vehicle recharging/refueling infrastructure

• Purchase of clean vehicles

• Energy efficiency improvements for businesses and buildings

• Installation of photovoltaic systems, energy storage, shading, thermal insulation, and energy-efficient windows

• Investments supporting circular economy and resource efficiency

How We Assist:

• GHG Emissions Measurement (Scope 1 & 2)

• GHG Emissions Monitoring Plan

• GHG Reduction Action Plan and Transition Plan

• Net-zero roadmap and strategy

This program helps businesses contribute to a sustainable, low-carbon economy by providing both strategic guidance and financial incentives.

For more details, visit the official page.