Scottish Government to bring forward green focus for economy
The Scottish Government has announced that it will redouble its efforts to support sustainable economic growth this week, with a number of key commitments helping the transition toward a low carbon economy taking a significant step forward.
This focus on green energy comes ahead of the UK’s imminent exit from the European Union and the publication of the Scottish budget.
The steps include:
- Scottish Government seeks final parliamentary approval of the legislation establishing the Scottish National Investment Bank, whose primary mission will be supporting the transition to net-zero.
- The relaunch of the Scottish Government’s Economic Action Plan, which sets out action to help boost the economy and prioritise a low carbon economy
- Publishing a report by the Infrastructure Commission looking at the future of Scotland’s infrastructure
- First Minister Nicola Sturgeon outlining how Scotland transitions towards environmental sustainability without leaving people and places behind, while delivering a keynote speech to a wellbeing conference in Edinburgh
Derek Mackay, economy secretary, said: “The transition to a net zero economy plays a key role in everything we are doing in Scotland to help our economy grow and flourish. As we look ahead to the Scottish budget, we are taking a number of measures to ensure that this focus is embedded in all that we do and will help to boost economic growth.
“This week we are focusing on how to establish a low carbon economy, with the relaunch of our Economic Action Plan, which outlines how we aim to deliver a high-performing, carbon-neutral, inclusive economy which benefits everyone in Scotland - regardless of where they live.
“On Tuesday our proposals for a Scottish National Investment Bank Bill will be debated in Parliament. The Bill gives Ministers the power to set missions to tackle societal challenges, in consultation with Parliament. The transition to net zero will be the primary mission of the new bank.
“The First Minister will address the Wellbeing Economy Alliance Scotland conference on Wednesday, to discuss how Scotland’s public, private, and third sectors can collaborate to achieve economic, social, and environmental wellbeing.”