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Scotland’s trade minister has signalled his support for a number of recommendations from industry outlining Scotland’s potential to be a leading innovator and exporter of climate change-focused technologies.
Addressing attendees at the in-person launch of the Scottish Council for Development and Industry’s (SCDI) report at the Royal Society of Edinburgh (RSE) today, Ivan McKee said he “welcomed” the discussion around the potential for ‘climate tech’ to contribute to Scotland’s economy.
The ‘Innovation Critical – Scotland’s Net Zero Mission and Climate Technology’ report, co-produced by the SCDI, BT, the RSE and ScotlandIS – identifies seven challenges for Climate Tech in Scotland and ten recommendations to deliver change.
Proposals include the launch of a new national innovation mission – the ‘Climate Tech Moonshot’ – before Cop26 with the aim of doubling the size of the climate tech sector by 2025 and achieving at least one Climate Tech unicorn – a companied valued at at least $1 billion – by the same year.
It also makes the case for a new Climate Tech Accelerator and Cluster based on the successful FinTech Scotland model to provide enhanced and integrated funding and support.
Mr McKee said that achieving Scotland’s net zero ambitions is a “national endeavour” and that businesses, academia, government, agencies, individuals, communities must come together.
“The Innovation Critical report”from the SCDI is hugely welcome and really focuses on many of the issues that we’ll have to tackle together. And those challenges that are identified and the ten recommendations outlined are something that we’re looking at very, very seriously to understand how that fits into all the other work that we’ve got ongoing within government.