Scotland's National Strategy for Economic Transformation: summary

2. New Market Opportunities

Rapid global decarbonisation will represent a profound change, far outwith the control of any government or sector. The transition to net zero is not just an environmental imperative but an economic opportunity – one where Scotland will become world leading and secure first-mover advantage.

Through our three new projects we will:

• build on Scotland's strengths to win an ever greater share of domestic and international market opportunities;
• support the development of Scottish supply chains, laying the foundations of a net zero industrial strategy; and
• attract and deploy significant domestic and international private investment in Scotland.

Key actions we will implement:

• Promote Scotland as an innovative test bed for new technologies and markets.
• Provide capital investment to support renewable hydrogen production to make Scotland a leading nation in the production of reliable, competitive and sustainable hydrogen.
• Deliver on the ambitions of ScotWind and future renewable energy developments.
• Expand our Supply Chain Development Programme to improve the capacity, capability and development of Scottish supply chain.
• Adopt a cluster building approach to strengthen our position in new markets.
• Establish an investor panel, chaired by the First Minister, to attract investment to a pipeline of projects in Scotland that support our transition to net zero.
• Establish a values-led, high integrity market for responsible private investment in natural capital.