Independence and the Transition to a Net Zero Economy

Primary Author or Creator:
Bottom Line
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Bottom Line
Alternative Published Date
2023
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Article
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The need for all economies to transition to Net Zero presents Scotland with considerable economic opportunities.

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[Scotland] has great natural advantages including abundant renewable supplies of wind resources. Taking advantage of these resources over the next two decades should increase the rate of growth of the Scottish economy, and the total tax revenues generated.

Energy companies are beginning to invest some of the large profits they are earning from high energy prices into renewable resources like offshore wind. But in order that the maximum economic and social benefits can be realised by these investments they need to be carried out within a policy framework determined by Government.

Only a fully independent Scottish Government would have the range of powers required to design and execute the necessary policies. Under devolution, Scotland lacks these powers, while the UK Government has shown no interest in developing the Scottish economy.

The current high energy prices and Scotland’s renewable potential means that there is a historic opportunity to transform the Scottish economy. This opportunity will not be realised if Scotland remains part of the UK as the political constraints of the UK mean the necessary policies will not be implemented by a Westminster Government led by either of the main UK parties. Independence is required so that the economic policies required can be implemented. 

English