Out of Office: Government launches €55m Green Transition fund; Global banks hike interest rates

The Irish government announced a €55 million fund to encourage businesses to move away from fossil fuels. The Green Transition Fund is part of the State’s National Recovery and Resilience Plan (NRRP) and is funded by the European Union. The fund comprises two strands; the Climate Planning Fund, which will offer grants of €1,800 to help businesses form personalised plans to de-transition from fossil fuels; and the Enterprise Emissions Reduction Investment Fund, a grant geared ...