GREEN INVESTMENT
As host city of COP 26 in 2021, Glasgow and the city region are in the UK and world vanguard for collaboratively working towards solutions to our carbon reduction challenges. Glasgow has rightfully secured a place on the world stage and will continue to use COP events as our key international platform for promoting Glasgow’s green investment opportunities. In the Greenprint for Investment, we have set out our ambition for sustainable development and investment with a diverse city region-wide range of projects of scale for which we seek both finance and technical expertise to help us deliver.
Glasgow has helped to lead on work with other UK cities in the 3Ci collaboration to engage with national government and the capital markets on financing green projects. We have also benefited from the secondment of a senior leader in the insurance sector to enhance our understanding of the role of insurance in de-risking capital projects for investors and we will build on such insights in bringing forward projects with full business case approval to the market.
We will continue to explore and develop models of investment from the private capital markets and also ensure that Glasgow’s businesses can benefit from green infrastructure projects and more sustainable forms of city living. This will help to underpin the broader attractiveness of Glasgow for talent and investment and maintain our leading position as a great city in which to live, invest and make sustainable profits.
Indeed, Glasgow has maintained a strong position in the Global Sustainable Destinations Index, which is a key indicator of how the world views our city and why it is the right place for investment in a net zero and climate resilient future. Additionally, both the Universities of Glasgow and Strathclyde rank highly (13th and 36th respectively) in the Times Higher Education Impact Ranking, with Glasgow the second highest scoring University in the UN Sustainable Development Goal 11 which focuses on Sustainable Cities and Communities.
A climate finance framework is currently being developed for the city, which will further enhance our ability to reach out to the capital markets and present attractive and investable green projects to them. Alongside that is a commitment to ensuring a ‘just transition’ for our workers, businesses and communities so that the shift towards a post-carbon city has social justice and inclusivity at its heart.
Invest Glasgow will support the further development of both the Greenprint and promotion of the key projects to help match opportunity with investment.
Invest Glasgow encourage and support projects that can show how they meet the UN Sustainable Development Goals and help Glasgow and the city region achieve our net zero target by 2030.
We will support the city’s participation at future COP events and promote Glasgow and the city region as a sustainable and innovative place in which to do business.
