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Green investment programme opens

Thursday October 10th, 2019

Projects helping Scotland transition to a net-zero economy by 2045 can apply to be included in a new green investment programme, First Minister Nicola Sturgeon has announced.Nicola Sturgeon

The Green Investment Portfolio will give local authorities, developers and third sector organisations the opportunity to pitch for large scale investment to support projects reducing Scotland’s emissions in areas like renewables, waste, transport and the circular economy.

Announcing the launch at the Ethical Finance 2019 conference in Edinburgh, the First Minister said:

“Scotland is determined to lead the transition to a net-zero carbon economy, and we have been clear that we must leave no-one behind.

With 85% of the finance for this transition coming from the private sector, we must do everything we can to help all parts of the economy contribute to net-zero emissions by 2045.

The Green Investment Portfolio supports our ethical finance ambitions by matching projects which are reducing emissions with investors so we can fully maximise their potential and promote them globally.

This could include projects that are making buildings more energy efficient, reducing industrial emissions or even restoring peatlands. Our aim is to take to market a £3 billion portfolio of investable projects over the next three years.”

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