Scotland will see major improvements to its green economy following key announcements in its Government’s December 2023 annual Budget.
There were notable announcements around the Scottish Government’s spending plans to support its 2045 net-zero target and aims on nature and the circular economy.
Scotland is setting aside around £4.5bn for transport, net-zero and the just transition in 2024-5.
This marks a slight year-on-year increase but doesn’t match the levels exceeding £4.8bn seen last year.
Funding for energy efficiency will total £358.2m in 2024-5, down slightly from £367.5m this financial year. And Scotland’s active and low-carbon transport Budget will shrink year-on-year from £348.6m to £307.8m.
One notable increase in funding is for the offshore wind supply chain. From a £9.3m budget this financial year, an increase to almost £67m has been confirmed for 2024-5.
Elsewhere, landfill tax rates in Scotland have been increased slightly.The standard rate will increase from £102.10 to £103.70 per tonne and the lower rate will increase from £3.25 per tonne to £3.30. These changes will take effect from 1 April 2024.
For more on this story, read Scottish Budget 2024: Key Announcements for Green Economy (edie.net)