Climate Politics as Investment: From Reducing Emissions to Building Low-carbon Economies

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This growth is supported by a virtuous cycle that includes adoption of supportive policies, the growth of renewable energy investments, and consumer adoption of new technologies and practices. Philanthropy has already made significant contributions in the drive to prevent dangerous climate change — supporting research and analysis, educating stakeholders and policymakers, building greater awareness in the general public, and mobilizing critical constituencies for action.

The world is not yet on track to solve the climate crisis. The severity of this challenge, and the fact that climate change compromises progress toward other philanthropic goals such as poverty reduction and better public health, calls for philanthropy to do more. And yet, efforts to reduce greenhouse gas emissions receive a small portion of total philanthropic spending in the U.

Philanthropy can make a difference: more resources, smart investments, and greater collaboration will help accelerate change and strengthen our collective efforts to solve the climate crisis and ensure a prosperous future.

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A stable climate is necessary for ecosystems, economies, and societies to thrive. We need to transform how we use energy, organize transportation, manage forests and agricultural land, and build the places we live. The scale and urgency of the climate challenge require action from all parts of society. Philanthropy has a critical role to play.

A stable climate sustains healthy ecosystems, economies, and societies. National Climate Assessment. Climate change is already impacting ecosystems, economies, and the communities in which we live. We can still prevent the most negative impacts — but we must change course. Climate change is caused by carbon dioxide and other greenhouse gas emissions — a global and multifaceted problem. As we seek to curb greenhouse gas emissions, we have a responsibility to increase access to energy.

There is time to act. The keys to unlocking a low-carbon future: effective public policy, business innovation, public support. Philanthropy has a critical role to play in the transition to a prosperous, low-carbon world. ClimateWorks mobilizes philanthropy to solve the climate crisis and ensure a prosperous future. Our Response. The planet is warming. Sustainable development.

Time to act. We will work to deliver an inclusive, socially just transition, based on equal opportunity, a fair and inclusive jobs market, regional cohesion and safe and secure communities. It also notes that low carbon technologies will revolutionise the global economy and that we must act quickly and with purpose to grasp these opportunities or be left behind.

Confessions of an economist: Building a low carbon world - Dimitri Zenghelis - TEDxGoodenoughCollege

This represents a fundamental transition of all sectors of the economy and a long-term strategy for economic growth: reducing the cost to the Scottish economy of climate change, while maximising opportunities to export our technology innovations and knowledge as other economies make their own low carbon transition. Central to this transition is the effective and sustainable management of our natural resources and secondary materials. By improving resource efficiency we can reduce energy demand and overall greenhouse emissions.

Resource-efficient homes are less likely to face fuel poverty; resource-efficient businesses are more productive. A largely decarbonised economic system by , which meets our climate change targets, can be achieved in a number of ways, and will be influenced by innovations and developments we cannot forecast. It will depend on global and regional markets, geopolitics, consumers' willingness and ability to adapt to new opportunities and behaviours, and on the underlying costs of primary energy sources and related infrastructure. The purpose of Scotland's enterprise agencies is to generate long-term, sustainable and inclusive growth for the economy.

In order to implement national ambitions on investment, innovation, inclusive growth and internationalisation, the agencies focus their activities on helping build a competitive and low carbon economy.

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Scotland already has competitive advantages and important strategic assets that will form the basis for long-term growth by companies. The agencies will work towards achieving the ambitious targets set out in the Energy Strategy and Climate Change Plan by continuing to work with companies to realise the significant opportunities in the low carbon economy, including opening up important new opportunities such as the circular economy and in water treatment in new, overseas markets.

The Scottish Manufacturing Advisory Service has a key role here in helping to make industry more efficient. Similarly, sustainability specialists are focused on working with businesses to reduce their carbon impact whilst increasing their overall productivity. Highlands and Islands Enterprise will continue to support the Government's new programme of community energy empowerment. The agencies are partners in the LCITP , leading on private sector led projects and area based projects. They collaborate with partners to accelerate the development and delivery of low carbon projects across Scotland which will in turn attract new investment into the sector.

In , alongside the publication of the draft Climate Change Plan, the Scottish Government commissioned a study into the challenges and opportunities of the low carbon economy in Scotland.

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This report helped to identify Scotland's strengths in areas of growth, both domestically and overseas. As the market opportunities relating to low carbon continue to grow, this will provide a platform for innovation for Scottish companies in renewables, transport and energy and resource efficiency. Scotland is well placed to take advantage of opportunities in emerging industries including marine energy, offshore wind and carbon capture, utilisation and storage, and indeed, benefits are already being realised from some of these areas.

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Along with the physical impacts arising from our changing climate, industry faces commercial challenges where the investment required to update existing assets, build new infrastructure, and develop and purchase new technologies, will be significant. Dealing with increasing amounts of intermittent generation could pose challenges to manufacturers, as power system operators develop smart grids where demand is altered to match generation, not the reverse as is the case today.

Scotland's energy intensive industries may face particular challenges in adapting to a low carbon economy, as the cost of energy continues to rise in response to worldwide market signals. We recognise the importance of investment in driving down energy costs and therefore emissions in these industries. Cost and availability of energy is a key factor in the competiveness of these businesses.

We also recognise the importance of encouraging energy efficiency measures and working collaboratively on decarbonisation opportunities. To reduce the risk of carbon leakage, we will work with industry to ensure our approach enhances Scotland's industrial and manufacturing sectors, improves competitiveness, and fosters sustainable economic growth in Scotland. The Scottish Government will continue to support Scotland's energy intensive industries. This Climate Change Plan is based on a clear and transparent long term decarbonisation pathway that has been developed in conjunction with stakeholders and puts economic growth at the centre of our long-term strategy.

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We want to deliver a stable, long-term investment environment that allows industry to maximise the opportunities arising from the low carbon transition. While supporting our established industries, we will nurture our growing ones. There is still potential for further growth in offshore wind, marine, and hydro, and onshore wind opportunities remain. From the work that has been done by industry — supported by the Scottish Government and our agencies — on skills and employment, we have developed deep reserves of skills among the Scottish people; in , 49, jobs were supported by the low carbon and renewable energy industry.

We expect growth in other aspects of the low carbon economy over the lifetime of this Plan, including Carbon Capture and Storage — which offers huge possibilities for Scottish industry, with the potential of North Sea networks to store CO 2 in the future — and in renewable heat, which we expect to create economic and social benefit as surplus industrial heat is redirected to communities to heat homes, healthcare facilities and schools. The Scottish Government is supporting these opportunities through funding to develop Carbon Capture and Storage facilities at the existing gas processing plant at St.

Fergus and connect them to existing North Sea infrastructure and by working with the UK Government to deliver off-gas grid renewable heating through the Renewable Heating Incentive. Scotland's Energy Efficiency Programme will help to create a substantial Scottish market and supply chain for energy efficiency services and technologies. With SEEP , we will help to realise economies of scale, thereby helping to drive down the cost of energy efficiency measures.

There will be opportunities for SME s and third sector organisations to deliver, and support the delivery, of energy efficiency measures. We will continue the work that we have been doing with businesses in Scotland to support the low carbon economy — helping businesses use their experience, adaptability and willingness to diversify in order to become more competitive. The First Minister appointed an industry expert to lead work to develop an Implementation Plan who has convened a small advisory group to support him in the development of this plan.

This work will define the bank's purpose and role and the Implementation Plan will be published in early This commitment will ensure the bank can make an immediate impact once operational. The Bank will be a key partner for government and business, supporting our economic ambitions including transformational investment to address climate change. The Bank will provide and catalyse investment — creating opportunities for Scotland, increasing innovation and accelerating the transformation to a low carbon, high-tech, connected, globally competitive and inclusive economy.

The Scottish Government, and its enterprise agencies, will continue to deepen engagement with Scotland's business community to better understand the opportunities and to build a supportive regulatory and business development environment within which Scottish businesses can thrive. With the publication of this Climate Change Plan and the Energy Strategy — alongside our commitment to establish a Just Transition Commission — now is the right time to review how we engage with all sectors on this issue. Over the timescale covered by this Plan, Scotland will continue to be a vibrant, diverse country that faces outwards and is a confident and responsible global citizen.

Consistent with our internationalisation agenda as set out in 'Scotland's International Framework' [36] we will continue to implement progressive social policies and environmental measures, playing our part in making the world a safer, fairer and more sustainable place.

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By adopting an outward-looking and participative approach to engaging with our global partners, we will expand our diplomatic reach and strengthen our global ties.