Climate and Energy Transition
ISIF’s mission under the Climate and Energy Transition theme is to deliver commercial investment that positions Ireland for a net zero carbon economy and accelerates the energy transition. ISIF seeks to deliver on this mission through commercial investments and partnerships that can materially advance the decarbonisation of the Irish economy in the short, medium, and long-term.
The ISIF Climate & Energy Transition investment strategy has two components:
- Firstly, supporting the sustainable infrastructural requirements of the Irish economy out to 2030 in key areas where carbon emissions are prevalent, as outlined in the government’s Climate Action Plan. This includes investments in renewable energy generation and storage infrastructure which support greater energy resilience and security.
- Secondly, funding the development of new technologies and business models that will support the transition of the Irish economy to net zero before 2050.
ISIF’s Climate & Energy Transition objectives align with the Government’s Climate Action Plan targets of:
- a 51% reduction in GHG versus 2018 levels by 2030; and
- setting Ireland on a path to reach net zero emissions by no later than 2050.
By crowding in significant amounts of private capital and specialist investors to stimulate the Irish climate investment ecosystem, ISIF’s investment activities have catalysed a broad range of investors to be active in the energy transition sector in Ireland. ISIF seeks to leverage its status as a ‘through-the-cycle’ investor by partnering with world-class investors, corporates, and entrepreneurs, both in Ireland and internationally, that share ISIF’s commitment to achieving net zero and have the capabilities and ambition to deliver on this vision.
