The Irish Government's investment in sustainable energy action has been welcomed by the Sustainable Energy Authority of Ireland (SEAI).

In a statement SEAI said: "This is a significant milestone for both Irish society and the economy as we take fossil fuels out of Ireland’s energy mix, in a just fashion. This commitment means that homes will be more comfortable, businesses more competitive, transport less polluting and our energy supply more affordable and secure. It will also place Ireland on a stronger footing in the fight against climate change, enabling everyone to play their part."

SEAI’s budget, which is also part funded through carbon tax, has increased more than 50% to approximately €350 million. The additional funding will support:

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• National Retrofit: The launch of the national retrofit programme through SEAI with significant scaling up and streamlining of retrofit programmes for homes and communities. The total allocation for homes and community retrofit is €221 million. This represents a €100 million, or 82% increase, on this year’s budget with the increase funded through carbon tax revenue. This allocation includes additional supports for low income homes with a budget of €109 million

• Communities: An enabling framework for communities who want to invest in renewable energy projects

• Transport: the continued support for electric vehicles and charging infrastructure and a national campaign to encourage the take up of electric vehicles

• Businesses: Substantial increase in supports for all sectors of business including energy management and capital investment

• Public sector: An expanded support structure for public bodies, spanning energy management, measurement of progress, and capital supports for deep building retrofit

• Research: Substantial additional scaling of SEAI’s research and innovation activities

Speaking about the investment, Mr William Walsh, Chief Executive of SEAI said: "SEAI continues to support Government in the implementation of sustainable energy policy. We have designed and managed successful programmes to engage and support all segments of the economy. Our dual focus has always been on value for the public purse and providing a strong evidence base for future policies and measures."