Glasgow Launches A Portfolio of Investments Aimed At 2030 Net Zero Goal

The City Council of Glasgow, Scotland has launched a £30bn Greenprint for Investment – a portfolio of investment projects to help reach its target of becoming net-zero by 2030. The council stated that the mix of “market-ready opportunities” for private capital, and “unlock and scale” projects, have been developed to appeal to activist investors seeking co-design and longer-term economic partnerships.

“Our net-zero future is about safer communities, warm and efficient homes, sustainable jobs and a prosperous economy. Transition has to be about the social and economic wellbeing of Glasgow and its people, “ said Councillor Susan Aitken, leader of Glasgow City Council. “This will require levels of investment never seen before in local government and adaptation plans which will be vital in delivering a modern, resilient and inclusive city economy. A core element of Glasgow’s Green Deal, our Greenprint brings together transformational, investable and shovel-ready projects.”

The 10 projects in the Greenprint for Investment are:

  • Clyde Climate Forest: aims to plant 18 million trees in Glasgow City Region over the next decade;
  • Glasgow City Region Home Energy Retrofit Programme: a 10-year £10bn program to upgrade the insulation of all homes in the Glasgow City Region;
  • Glasgow’s District Heating Network: a plan to scale up the achievements of the £154m Glasgow Recycling and Renewable Energy Centre (GRREC) to create a wider district heating network;
  • Climate Neutral Innovation District: the University of Strathclyde will lead a  project to make the Glasgow City Innovation District 100% climate neutral and climate resilient;
  • Charing Cross M8 Green Infrastructure Cap: a new, connected urban environment which aims to revitalise and re-green the city’s public areas;
  • Glasgow Metro:  a new transport provision that will improve connectivity within Glasgow and the wider City Region;
  • .Advanced Manufacturing Innovation District Scotland: a center of advanced manufacturing;
  • Micro Park Apparel Project: aims to create a new location for fashion production in the UK;
  • Scottish Event Campus (SEC) Expansion: expansion plans include an energy concept to turn the SEC into one of the world’s most sustainable campuses; and,
  • Green Regeneration and Innovation District: Clyde Gateway is working to decarbonise travel and energy for homes and businesses and create a low carbon and resilient neighbourhood.