A fund to promote innovative climate protection measures by companies awards 1 million euros in grants.
The “Climate Dragon’s Lair” specifically refers to ideas that can be applied in developing countries.
It comes a week after a key report by the Intergovernmental Panel on Climate Change (IPCC) warned that at least 3.3 billion people are already suffering the severe effects of climate change.
The vast majority of them are in poor and developing countries, which are least equipped to deal with the aftermath.
According to the report, while efforts to bring climate change under control must continue, much more attention is now needed to adaptation measures to help people, nature, food systems, infrastructure and economies cope with the impacts that are already evident .
Foreign Aid Secretary Colm Brophy said the new Irish Aid Enterprise Fund for International Climate Action will help small Irish companies with sound business ideas that could help get their project into production but without funding.
Projects can range from physical devices to software, from a customized solution for a specific need to something that can be replicated many times for different circumstances.
“We try to be as open and comprehensive as possible,” said the minister.
“We will consider any type of project that a commercial organization would be interested in developing and that would have a direct benefit in terms of climate action.
“For lack of a better description, it is a The Dragon’s Lair for small Irish companies who have a great climate project and want to come in and pitch their pitch in front of the experts.
“We’re going to give them seed capital to get them off the ground and get them off the ground.”
The judges will also look for projects that work with and promote local talent on the ground in developing countries and that have a strong focus on gender equality.
The number of grants awarded depends on the projects. The maximum single grant available is €300,000, so there may be a small number of large grants or a mix of large and small grants.
An information day for interested parties will take place on March 24th, the application deadline is at the end of April.
The award ceremony is planned for the summer.
Mr Brophy said last week’s IPCC report was another reminder that there was no time to act on climate change.
“The main message that came through was that we are running out of time.”
He said implementing the promises made at last year’s UN climate summit COP26 must not be abandoned, despite the many other issues vying for attention.
“Sustainable implementation is crucial. It’s difficult on the ground,” he said.
“As you can see, the world is being shaken. Whether it is a pandemic or a terrible war in Ukraine, the focus of world leaders, the focus of international organizations and institutions is shifting.
“But the importance of the next 10 years has been brought home to us by this report.
“Unless we are willing to take the kind of action to transform society, the situation we face could be far worse than we imagined until recently.”
https://www.independent.ie/news/environment/1m-incentive-will-be-a-dragons-den-for-climate-change-to-find-solutions-41417832.html A €1 million incentive will be a “Climate Change Dragon Den” to find solutions