Deputy First Minister Kate Forbes has vowed that Scotland will become a world leader in green finance and investment. Forbes pledged to act as a report was published setting out what she described as a "decisive action plan" to make the nation a "natural home for green and sustainable finance" across the world.
It includes a plan to ensure Edinburgh and Glasgow improves their global green finance rankings. The report calls on the Scottish Government to develop a "robust national framework" for retaining the country's existing base of financial services, while at the same time attracting other financial institutions and green investors to come here.
Forbes said: “This report is a decisive action plan as we progress towards making Scotland the natural home for green and sustainable finance. The financial services sector is key to delivering the benefits of the transition to net zero and we will use this route map to work together and ensure that Scotland - one of the world’s oldest financial centres – is able to maximise the opportunities ahead of us..
Scottish politics Pitt-Watson said: "Climate may be the greatest challenge facing humankind. Addressing it will require a huge investment and the services of the finance industry. Finance is a jewel in Scotland's industrial crown. Not only should there be many opportunities for green investment in Scotland, from wind to housing, there is also a huge opportunity for its financial services industry to serve the world.