Ireland's Budget 2025 is characterised by its significant
investment in infrastructure which has been described as an
‘absolute priority' for the Irish Government. Strategic
investment in water, electricity, transport and housing (the
so-called ‘strategic investment pillars') are central
to Budget 2025, as the means to ensure continued growth in the
Irish economy and to achieve our climate goals.
We have set out below an overview of key developments for
infrastructure stakeholders.
Infrastructure, Climate and Nature Fund (“ICNF”) /
Climate
- The ICNF is a new fund established to manage Ireland's
windfall tax receipts. The ICNF will be used to:
- invest in the climate transition. €3.15 billion will be
set aside for this purpose between 2026 and 2030. Details as to
which designated environmental projects will receive funding are
awaited. It is anticipated that funding will be provided to
projects which reduce greenhouse gas emissions, improve water
quality or
