Scotland invests £26M in energy transition

Scotland invests £26M in energy transition

Sustainable energy

United KingdomScottish government has invested more than £26 million in a significant program to speed the energy sector’s transition to net-zero emissions.

The Energy Transition Zone, which will be located adjacent to Aberdeen’s new £350 million south harbour development, is expected to directly support 2,500 green jobs by 2030, alongside a further 10,000 transition-related jobs.

Five-year financial package

The funding will come from the Scottish Government’s Energy Transition Fund, a five-year financing package introduced in June 2020 to help the oil, gas, and energy sectors grow and diversify while attracting further private investment. The Fund has already provided funding of £6.5 million for a Global Underwater Hub as well as £4.65 million to Aberdeen City Council to expand its hydrogen bus fleet.

“The Scottish Government is wholly committed to ending our contribution to climate change by 2045, and doing so in a way that ensures a just transition to net-zero, making sure no-one is left behind,” said Net Zero, Energy and Transport Secretary Michael Matheson.