{"id":64649,"date":"2019-10-10T14:03:13","date_gmt":"2019-10-10T13:03:13","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=64649"},"modified":"2019-10-10T14:03:15","modified_gmt":"2019-10-10T13:03:15","slug":"scotland-green-investment-programme","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/scotland-green-investment-programme\/64649\/","title":{"rendered":"Green investment programme to support zero carbon transition in Scotland"},"content":{"rendered":"\n<h2>Projects that help Scotland transition to a net-zero economy by 2045 can now apply to be included in the new <a href=\"https:\/\/www.gov.scot\/news\/green-investment-programme-opens\/\" target=\"_blank\" rel=\"noopener noreferrer\">green investment programme<\/a><\/h2>\n<p>The green investment programme will allow developers to pitch for large scale investments to support projects that reduce Scotland\u2019s emissions. Areas include renewables, waste, transport and the circular economy.<\/p>\n<p>First minister, <a href=\"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/green-new-deal\/62656\/\" target=\"_blank\" rel=\"noopener noreferrer\">Nicola Sturgeon<\/a> announced at the Ethical Finance Conference in 2019, that: \u201cScotland is determined to lead the transition to a net-zero carbon economy, and we have been clear that we must leave no-one behind.<br \/><br \/>\u201cWith 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.<br \/><br \/>\u201cThe 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.<br \/><br \/>\u201cThis 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 \u00a33bn portfolio of investable projects over the next three years.\u201d<\/p>\n<h3><strong>Scotland\u2019s net-zero target<\/strong><\/h3>\n<p>Scotland\u2019s new <a href=\"https:\/\/www.gov.scot\/policies\/climate-change\/climate-change-bill\/\" target=\"_blank\" rel=\"noopener noreferrer\">climate change bill<\/a> commits Scotland to a target of net-zero emissions of all greenhouse gasses by 2045. This is more challenging than a net-zero carbon target, which only commits to reducing carbon dioxide emissions.<\/p>\n<p>The Green Investment Portfolio will work with partners, including Scottish Enterprise, the Scottish National Investment Bank, Highlands and Islands Enterprise, Scottish Futures Trust, UK Department for International Trade, Scottish Renewables and the Scottish Property Federation to bring together the private and public sector-led projects.<\/p>\n<p>Successful projects which align with Scotland\u2019s climate change targets will receive marketing and development advice to raise their international profile and attract private sector investment.<\/p>\n<p>The Green Investment Portfolio is estimated to be worth \u00a33bn over a three-year period. The first tranche of projects are expected to launch in spring 2020.<\/p>\n<p>Eligible projects which are market-ready and seeking private sector capital should contact <a href=\"mailto:investment@gov.scot\" target=\"_blank\" rel=\"noopener noreferrer\">investment@gov.scot<\/a> for further information.<\/p>\n<p>Scotland\u2019s climate week 2019 takes place from 7-13 October.\u00a0<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Projects that help Scotland transition to a net-zero economy by 2045 can now apply to be included in the new green investment programme<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[307],"tags":[693,430,673,279,276],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-64649","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-energy-news","7":"tag-climate-change","8":"tag-energy-efficiency","9":"tag-energy","10":"tag-environment","11":"tag-government"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Green investment programme to support zero carbon transition in Scotland<\/title>\n<meta name=\"description\" content=\"Projects that help Scotland transition to a net-zero economy by 2045 can now apply to be included in the new green investment programme.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/scotland-green-investment-programme\/64649\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green investment programme to support zero carbon transition in Scotland\" \/>\n<meta property=\"og:description\" content=\"Projects that help Scotland transition to a net-zero economy by 2045 can now apply to be included in the new green investment programme\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/scotland-green-investment-programme\/64649\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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