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Market cannot deliver a just transition, say experts
Grangemouth petrochemical plant in Grangemouth, December 9, 2021

THE drive to net zero will deliver an “unjust and ineffective transition” if left to the market, the Just Transition Commission (JTC) has warned.

The commission was formed in 2022 by the Scottish government to provide independent scrutiny of progress to a just transition, but swiftly identified an “investment gap” of 2 per cent of Scottish GDP for it to be delivered.

“However, the current market-led approach has led to our resources being sold off to multinational companies with no benefit to workers and local communities.

“This report makes clear that a significantly more interventionist approach is required from government to close the investment gap, including measures such as equity stakes, profit-sharing mechanisms and municipal ownership of economic activity that can support community wealth building.

“Ahead of the Unite march and rally at Grangemouth on Saturday, we call on the Scottish and UK government to put their money where their mouth is and support the workers plan for a Just Transition at Grangemouth.”

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