55 million euro green fund to help businesses move away from fossil fuels announced

The video discusses the Ivy Hotel's proactive approach to climate action, supported by government funding. A €55 million fund is announced to help businesses reduce energy costs and emissions. The hotel industry is highlighted as a leader in these initiatives, with a focus on overcoming COVID challenges and preparing for future climate-related issues.

What significant step did the Ivy Hotel take to embrace climate action?

• Installed solar panels

• Invested in a heat pump

• Switched to LED lighting

• Implemented a recycling program

How much funding did the government announce to help businesses reduce energy costs?

• €70 million

• €55 million

• €40 million

• €25 million

What are the two main categories of the announced funding?

• Tax incentives and subsidies

• Expert advice and direct grants

• Loans and insurance

• Training programs and workshops

What challenge are businesses facing alongside climate action?

• Rising interest rates

• Increased competition

• COVID-19 recovery

• Supply chain disruptions

What is the broader goal of the funding in terms of national development?

• Expanding urban areas

• Boosting tourism

• Enhancing digital infrastructure

• Protecting future generations