Green Financial Market Creation in Scotland
Jul 23, 2026·
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0 min read
Patrick Bayer
Abstract
Team: Patrick Bayer (PI, Glasgow), Ben Cormier (Co-I, Strathclyde)
Funder: Scotland Beyond Net Zero (SBNZ)
Funding period: 1 August 2026-31 July 2027
Amount: £5,000
Climate finance is essential for meeting Scotland’s net zero target by 2045. Doing so requires £1bn annually, placing financial markets at the heart of Scotland’s decarbonisation efforts. However, these markets remain underdeveloped. This project studies how to enable the creation of a mature green financial market in Scotland. Analytically, we focus on applying successful green market creation models from European comparator countries to Scotland. Informed by Scottish green finance stakeholders’ needs, we will co-produce a green market creation framework that outlines structural, institutional, and systemic levers to better connect green capital with a robust pipeline of climate projects. We will disseminate our findings at a capstone symposium in Edinburgh, during the London Climate Action Week, and through academic and policy publications. Our project provides a rigorous and much-needed analysis of how to fast-track green financial market creation in Scotland and devises actionable guidance that is critical for Scotland’s energy transition.
Funder: Scotland Beyond Net Zero (SBNZ)
Funding period: 1 August 2026-31 July 2027
Amount: £5,000
Climate finance is essential for meeting Scotland’s net zero target by 2045. Doing so requires £1bn annually, placing financial markets at the heart of Scotland’s decarbonisation efforts. However, these markets remain underdeveloped. This project studies how to enable the creation of a mature green financial market in Scotland. Analytically, we focus on applying successful green market creation models from European comparator countries to Scotland. Informed by Scottish green finance stakeholders’ needs, we will co-produce a green market creation framework that outlines structural, institutional, and systemic levers to better connect green capital with a robust pipeline of climate projects. We will disseminate our findings at a capstone symposium in Edinburgh, during the London Climate Action Week, and through academic and policy publications. Our project provides a rigorous and much-needed analysis of how to fast-track green financial market creation in Scotland and devises actionable guidance that is critical for Scotland’s energy transition.
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