Scots aim to fill marine power funding gap with £100m fossil fuel levy

Jessica Shankleman
clock

Government says new fund will work with Green Investment Bank to support emerging technologies, but RenewableUK warns more money is needed

The Scottish government has attempted to resolve a dispute over the £3bn Green Investment Bank's potential investment in emerging technologies, such as wave and tidal power, by announcing a £100m fund...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Marine

Study to explore electric ferry link between Cornwall and Isles of Scilly

Study to explore electric ferry link between Cornwall and Isles of Scilly

Deep dive to gauge technical and commercial viability for electric only corridor on popular shipping route

clock 05 August 2025 • 2 min read
'Motherfucking wind farms': Samuel L. Jackson hails biodiversity benefits of offshore wind in new Vattenfall campaign

'Motherfucking wind farms': Samuel L. Jackson hails biodiversity benefits of offshore wind in new Vattenfall campaign

Hollywood star teams up with Swedish energy firm to promote climate and biodiversity benefits of offshore wind farms

Stuart Stone
clock 31 July 2025 • 4 min read
'Why the delay?': MPs urge government to ban bottom trawling in protected UK waters

'Why the delay?': MPs urge government to ban bottom trawling in protected UK waters

Parliament's Environmental Audit Committee echoes calls from The Wildlife Trusts and Greenpeace for a ban on destructive activities in the UK's Marine Protected Areas

clock 05 June 2025 • 5 min read