Financing the Energy Transition 2026 - with Deloitte

What this episode covers

Institute Director Professor Mairi Spowage talks to Netti Farkas Mills (Senior Insight Manager, Energy, Resources & Industrials, Deloitte UK), Gavin Hood (Deloitte UK Renewable M&A Team Lead), and Sandy MacDonald (Head of Impact, Scottish National Investment Bank) to unpack the findings of Deloitte’s Financing the Energy Transition Survey and what they mean for investors and policymakers. The discussion explores what’s really driving—and slowing—the UK and Scotland’s energy transition, including why confidence in long-term goals can sit alongside uncertainty about hitting nearer-term milestones. The panel highlights what would unlock faster investment: a stronger pipeline of investable projects, quicker planning and consenting, and major upgrades to grid connections and enabling infrastructure such as ports. They also examine risk and return expectations, the realities of a just transition for skills and jobs (including in places like Aberdeen), and the evolving role of public capital in crowding in private investment—before closing with signs of momentum and what needs to happen next to turn ambition into delivery. This episode is the latest in a series partnering Deloitte with the Fraser of Allander Institute. In this series expect lively debate, expert insights, and thought-provoking discussions that will reshape the conversation around Scottish economic growth. Culminating in a landmark event in March 2026, this collaboration will unveil ground-breaking insights and provide a platform for action. This Scottish-focused initiative builds upon Deloitte’s UK-wide Growth 35 programme, painting a bold vision for a thriving UK economy by 2035.

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