Ireland's strategic investment fund signals a cash injection for emerging domestic decarbonisation and energy technology firms. Ireland's Strategic Investment Fund (Isif), the successor to the National Pension Reserve Fund, is to invest €68m in two leading decarbonisation funds as part of a five-year €1bn climate investment programme. The fund, managed by the National Treasury Management Agency, said the targeted funds are managed by Energy Impact Partners (EIP), a New York-based investment firm with more than $3 billion (2.8 billion euros) in assets under management. "They focus on energy transformation investments by bringing together more than 60 forward-thinking industry and climate innovators to help decarbonize the global economy," it said. Global capital: Through the Isif investment, the New York investment firm plans to invest in decarbonisation and energy technology startups based in Ireland. It will set up an office in Dublin with veteran climate investor and entrepreneur Arthur Piers as its first field-based representative, Isif said. The state-backed fund said it aims to channel more international capital into Ireland's decarbonisation sector, as well as aligning with the country's climate action plan. It builds on around €500 million of dedicated Isif investments in climate action. (Eoin Burke-Kennedy, The Irish Times)