REPORT: Securing the economic and environmental benefits from the transition to net zero – opportunities for policy in Scotland.

Summary

Authors:

Andrew Wilson FRSE
Professor Jeremy Peat FRSE
Chris Stark
Professor Mercedes Maroto-Valer FRSE
Peter Reekie FRSE
Sepi Golzari-Munro

The RSE Economy and Enterprise Committee

Securing the economic and environmental benefits from the transition to net zero – opportunities for policy in Scotland.

December 2023

In this report, the RSE Economy and Enterprise Committee address Scotland’s transition to net zero, summarising key points and recommendations for urgent action to reset and refocus Scotland’s climate strategy and approach to delivery. The report underscores the importance of collaborative policy development between the layers of Government, and the need for a triple bottom line approach to policymaking that considers investor friendliness, consumer protection, and meeting the net zero policy ambition. The RSE emphasise the economic benefits of embracing renewables, the urgent need to shape the transition of Scottish economy and employment away from a reliance on fossil fuels, and the central role of investment in unlocking net zero. The report reaffirms the key commitment to reach net zero by 2045, emphasising how, whilst at risk, this target remains achievable.