Most people know that the world has recently emerged from an economic recession. Many people also know that we are all dangerously close to slipping back in, and are replying on governments around the world to keep us in the black.
However, has anyone thought about green technology as a way of helping steer an economy back to growth and prosper?
Well it would appear that Scotland might be doing just that, as they are trying to encourage as many as 600 companies to move into the ‘green economy’ in order to boost profitability. The green economy consists mainly of renewable energy sources, and low-carbon technologies.
Scotland seem to have recognised that there could soon be big money in this industry, hence the drive towards getting more firms into the industry.
In its attempts to become the industry leader in green technology, Scotland’s Finance Secretary, John Swinney has said that he wants to increase exports 50% by 2017 and encourage inward investment in green and low-carbon technologies.
Unemployment seems to be a problem everywhere at the moment, but Mr Swinney’s new ‘green growth’ plans are likely to create around 130,000 jobs by the year 2020.
What do you think, is Scotland taking a step in the right direction by investing in green technologies, or is is a risky option to take given the current global economic climate?