Renewable Energy Output (Value to United Kingdom Economy)

Part of Portfolio Question Time – in the Scottish Parliament at 2:00 pm on 16 January 2025.

Alert me about debates like this

Photo of Gillian Martin Gillian Martin Scottish National Party 2:00, 16 January 2025

In 2023, an estimated 64.7 per cent of the electricity that was consumed in Scotland came from renewable sources, but that percentage continues to grow. In quarter 3 of last year, for example, it had risen by more than 8 per cent compared with the same period in 2023.

The path to net zero presents enormous economic opportunities through supporting a just transition that creates jobs, promotes private investment and brings communities with us. The recent budget statement announced that, in 2025-26, we will commit £4.9 billion in capital and resource spend for activities that will have a positive impact on the delivery of our climate change goals. We will almost triple our capital funding for offshore wind, to £150 million. Such investment comes under year 2 of our five-year commitment to invest up to £500 million to anchor the supply chain in Scotland, which is expected to leverage £1.5 billion of additional private investment in the infrastructure and manufacturing facilities that are critical to the growth of the sector.