Scotland launches Zero-Emission Bus Challenge Fund
The Scottish government has announced additional funding of £ 50million for zero emission buses. This is the first phase of a fund called the Zero Emission Bus Challenge Fund (ScotZEB).
The new fundraising pot replaces previous fundraising initiatives and is designed to encourage the market to design new and innovative ways to finance zero emission buses.
The fund is driven by the Scottish Government’s goal of decarbonizing the bus fleet. ScotZEB brings together leaders from the energy, bus and financial sectors to “co-design a path to a fully carbon-free bus fleet”, says the Scottish Government.
Transport Minister Graeme Dey said: ‘The Scottish Government has come to the table with an evolved offer for the financing of zero emission buses – building on the experience of previous programs and designed to maximize benefits. opportunities to attract sustainable funding and encourage innovative ways of doing so. “
Scotland has been very active in decarbonizing bus fleets. In 2018, the Scottish government invested £ 15m (€ 16.6m) to set up 1,500 new charging points, and a grant of £ 1.7m (€ 1.9m) ‘euros) to support the acquisition of more than 100 new “green” buses. . The city of Aberdeen has been a pioneer in the operation of zero emission buses, and more specifically hydrogen fuel cell buses.
In April this year, British electric bus partners BYD and Scottish bus manufacturer Alexander Dennis Limited (ADL) received another large order from Scotland. The operator First Bus has ordered 126 electric buses for use in Glasgow. The 91 double-decker and 35 single-decker buses are scheduled to operate in Glasgow from March 2023. ADL just announced its next generation of hydrogen fuel cell buses in April of this year and, of course, is happy to the new fundraising initiative.
President and CEO of bus maker Alexander Dennis said: “The Scottish government continues to lead the way in funding cleaner and greener buses. We look forward to working with bus operators and the energy and financial sectors to ensure that the benefits of this funding are felt in all communities in Scotland. Its investment in local supply chains such as our production of electric and hydrogen buses in Falkirk will support Scottish skilled jobs and apprenticeships which are vital for the transition to Net Zero. “
The exact details of the guidelines and funding interface will be posted on the government website before the end of this month.