Scotland’s transition to net zero heat
A new insight paper published last week by the Scottish National Investment bank sets out their role in the transition to net zero heat.
Key messages in the report outline the need for public and private sectors to work together to develop new business models and find ways to de-risk projects.
The Bank has identified six areas in this sector where it may have a role, including improving the energy efficiency of Scotland's buildings and finding routes to financing the installation of low carbon heating systems. Business growth through innovation and supporting new businesses in the sector are other key areas where the Bank could play an important role.
Adding to the Bank's existing portfolio of net zero heat projects, will require collaboration across the public and private sector to find investable projects. Aside from investments, the Bank can work with social and other landlords to find solutions to implementing net zero heat, and partner with financial institutions to help spread the cost of energy efficiency and heating system improvements over longer periods.
Willie Watt, chairman of the Scottish National Investment Bank said: “We have clear actions to take forward and look forward to developing our plans and exploring the ways in which the public and private sectors can work together to accelerate towards achieving Scotland’s climate goals." adding, “Wherever it can, the Scottish National Investment Bank will work with policy makers, businesses, the finance sector, researchers, and others working on net-zero heat to develop the understanding of how our collective impact can be maximised.”