Information

Heat in Buildings: Green Heat Finance Taskforce

Overview

The Heat in Buildings Strategy published in October 2021 includes a commitment to establish a Green Heat Finance Taskforce. The purpose of the Taskforce is to develop a portfolio of innovative financial solutions for building owners in Scotland to ensure that by 2045, our homes and buildings no longer contribute to climate change, as part of the wider just transition to net zero.

The remit of the Taskforce is to:

  • build on existing evidence to set out the alternative sources of funding and financing for heat decarbonisation, including existing technologies and new technologies which may develop, by September 2023 for both the medium and longer-term requirements
  • explore and potentially pilot new and value-for-money innovative financing mechanisms for individual and community level investment
  • act as a catalyst for long term relationships and partnering across the public sector, the heat sector industry, wider supply chain, building owners and investor/financial institutions
  • support the alignment of the requirements for heat decarbonisation with the needs and investment activity across the wider energy system, considering returns and wider socio-economic benefits

Members

Organisations that have representatives on the core Taskforce include:

  • Scottish Government
  • Green Finance Institute
  • Scottish Financial Enterprise
  • Scottish National Investment Bank
  • Energy Consumers Commission
  • Scottish Renewables
  • Scottish Council for Development and Industry
  • Climate KIC
  • Bankers without Boundaries
  • Edinburgh University Business School
  • UK Green Building Council Scotland

Documents

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