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Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 4 May 2021
  6. Current session: 13 May 2021 to 12 February 2026
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Displaying 1853 contributions

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Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 19 April 2023

Claire Baker

That is great.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 19 April 2023

Claire Baker

Colin Smyth has some questions.

Economy and Fair Work Committee

Decision on Taking Business in Private

Meeting date: 22 March 2023

Claire Baker

Thank you.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Claire Baker

Our next item of business is the fifth evidence session for our inquiry into a just transition for the Grangemouth area. Today’s session will focus on how public policy and funding can be used to unlock private capital to finance a just transition. I welcome Heather Buchanan, co-founder of Bankers for Net Zero, James Close, head of climate change at NatWest Group, and Ben Howarth, sustainability officer at the Association of British Insurers. As always, it would be helpful if members and witnesses could keep their questions and answers as concise as possible.

I will start. You are all here to talk about the importance of green finance. I ask you to set out your views on the appetite for that in Scotland, in terms of both supply from investors and demand from individuals and businesses.

I come to Heather Buchanan first. Bankers for Net Zero, I think, published a report on mainstreaming net zero that said that there was a lack of a comprehensive strategy to support small and medium-sized enterprises to make the transition in significant numbers. It was a United Kingdom report, but did you find that the picture in Scotland is similar? Could you say a little about whether there is an appetite for green finance in Scotland?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Claire Baker

First, I will raise an issue that is linked to your line of questioning. The Government is due to publish the draft just transition plan for Grangemouth—we expect that that will probably be in late spring. Part of our reason for doing the inquiry is to feed into that proposal. What are expectations for the draft plan? Are there things in it that you particularly want to see at this stage?

I will come to Ben Howarth first, because that follows on from Fiona’s questions around placemaking.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Claire Baker

Following COP26, there were lots of investment opportunities and lots of talk about what we would do next, but those things have not been realised as much as you would like. What has been worst: what is happening in Ukraine, other external factors, a lack of commitment or a lack of leadership? What would you say are the barriers where we are not seeing things happen at the pace that we would like to see?

09:45  

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Claire Baker

Thank you very much for your evidence this morning. It is much appreciated.

11:29 Meeting continued in private until 11:42.  

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Claire Baker

It is a draft plan so there will be a consultation phase following the publication of the plan. Heather Buchanan, what statements would you like to see in the draft plan?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Claire Baker

I have a similar question around the draft plan for James Close. We have heard about the Grangemouth future industry board during our inquiry. That largely comprises public bodies that have been brought together to co-ordinate things. Last week, Scottish Enterprise, when we asked how GFIB ensures collaboration with the private sector as well as the public sector, said that that former aspect could be reviewed.

What are your views on the draft plan? What would you like to see in it? Have you, or any of the other witnesses, had any engagement with the Grangemouth future industry board?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 22 March 2023

Claire Baker

I invite Ben Howarth to respond to the question. I will then bring in Michelle Thomson, who has an interest in some of the issues that have been raised, followed by Colin Beattie.

Ben, my initial question was around the appetite for green finance in Scotland. How do you see the picture developing in Scotland?