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The Low Carbon Economy Ltd

21 Apr 2009 03:04:05

Scotland plans to make most of energy efficiency funding



Scotland plans to make most of energy efficiency funding
Scotland is hoping to improve the energy efficiency of its utilities sector following the publication of the European Union's (EU) Economic Recovery Plan.

According to energy minister Jim Mather, companies proposing green energy projects in the country will be able to bid for up to £342.5 million of funding from the £3.47 billion that the EU has set aside for investment.

Speaking at a Holyrood conference, he told those in attendance that Scotland has "some of the best potential" in Europe for developing energy efficient power generation schemes.

Mr Mather said: "This [EU] package presents new opportunities to stimulate investment in offshore wind, carbon capture and offshore grid infrastructure."

The government minister called for Scotland to "play to its strengths" and take advantage of any opportunity to develop a low carbon economy.

"Renewable energy and carbon capture go hand-in-hand in achieving this aim," he added.

Among the eligible Scottish projects included in the Economic Recovery Plan are proposals for a carbon capture and storage facility in Longannet and a European testing centre for offshore wind development in Aberdeen.

Up to £147 million could also be spent developing a North Sea project to integrate offshore wind into the electricity grid.

Meanwhile, the Guardian has reported that fears are being raised that South Korea's £23 billion plans for new environmental projects will prompt enough construction to increase the size of the country's carbon footprint.

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