The €15 billion ($16.1 billion) Ireland Strategic Investment Fund (ISIF) is finding compelling investment opportunities in the energy transition and is successfully drawing in additional investment to finance Ireland’s net zero commitments.
By targeting “climate positive” investments which support Ireland’s transition (outlined in the government’s Climate Action Plan) as a key investment theme, the fund is investing in both sustainable infrastructure and new technologies, and in business models to support the long-term transition. In 2021 ISIF committed €1 billion in climate projects over a five-year period of which it has already invested over €600 million.
The strategy runs in parallel with a divestment programme dating from 2018 when Ireland became one of the first countries in the world to sell out of fossil fuel companies. It currently has a list of some 200…
