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by Jack Thomson
06 August 2021
Investment in energy transition projects aims to create 21,000 jobs by 2050

Net zero and energy secretary Michael Matheson (Picture: Alamy)

Investment in energy transition projects aims to create 21,000 jobs by 2050

A total of £16.5m has been awarded to the Net Zero Technology Centre (NZTC) for energy transition projects, which aim to deliver a net-zero economy and create 21,000 jobs by 2050.

Seven projects will be developed through the centre's programme to transform the North Sea energy system, with a focus on reducing emissions.

The programme is expected to deliver £403bn for the economy, the Scottish Government has said.

Funding is being provided through the Scottish Government’s Energy Transition Fund and will be match-funded by the industry.

Michael Matheson, net zero and energy secretary, announced the investment during a visit to Aberdeen South Harbour.

He said: "The Scottish Government is wholly committed to ending our contribution to climate change by 2045, and doing so in a way that ensures a just transition to net zero, making sure no-one is left behind.

"We want to secure jobs for the energy workforce and create new jobs in the north east - and across Scotland - by seizing the huge opportunities our energy transition and wider journey to net zero present.

"The Energy Transition Fund is helping the energy sector to grow and diversify and accelerate the journey to net zero, and underpin the north-east’s ambitions to become a world leader in this transition.

"This funding will help the NZTC, working with industry and academia, to help grow Scotland’s role as a global leader in net zero technology solutions, delivering security of energy supply, diversifying the sector, and creating the next generation of highly skilled, green jobs."

Colette Cohen OBE, the centre's CEO, added: "This is an important milestone for the Net Zero Technology Centre which will drive the development of key technologies for green growth in Scotland and the UK, create jobs, attract investment and help establish a world-class net zero supply chain.

"The funding will unlock some of the technology and innovation required to deliver an affordable net zero energy industry, and we are delighted to see industry and government supporting this national ambition."

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