The study, carried out by Optimat on behalf of the CLF, focuses its analysis on the five supply chains that demand is likely to change most for in the future.

They are:

• heat pumps
• low carbon electricity generation and storage
• sustainable insulation materials
• heat storage
• mass timber systems and components

Mapping the current capability within Scotland’s low carbon energy and heating supply chains, the study identifies areas for potential growth and future value creation.

The report aims to identify where Scotland’s supply chain capabilities and most meaningful growth opportunities can be linked to government policy, low carbon solutions, sustainability, and the reshoring of manufacturing.

The findings from the report will help industry, the Scottish Government, and other government agencies, to maximise the opportunities for developing high-value, high-growth low carbon energy supply chains in Scotland. Enabling the growth and success of these supply chains will be key to ensuring Scotland reaches and sustains its target to reach net zero carbon by 2045.

It also identifies opportunities to strengthen supply chains and create new opportunities for growth.

Ivan McKee, minister for business, trade, tourism and enterprise, and CLF chair, said: “In Scotland we are fortunate to possess the assets and resources we need for a just transition to a net zero carbon society. Our challenge is to support industry in identifying and embracing these opportunities.

“This study helps identify significant prospects in our low carbon supply chains that can benefit Scotland both economically and environmentally. I encourage sector leaders to embrace these opportunities and invest in our low carbon future.”

Fiona MacDonald, impact manager at Built Environment - Smarter Transformation, said: “The CLF Supply Chain Report is an important piece of work that will underpin future investment in and growth of the construction sector. It not only highlights the extent of the challenge Scotland’s net zero target presents, but also the scale of opportunity that it brings to our sector.

“We need to come together to collaborate, innovate and develop these low carbon energy supply chains to make sure that we have what we need as a society and an economy to thrive in a net zero future.”