Create a national fund ( similar to that that Norway did for oil)

Create a national fund from extra tax on renewables and safe guard generations to come. Norway has used theirs to great effect and we omitted to do so, let's not make the same mistake twice

Why the contribution is important

Because safeguarding the future is important, also a huge number of the developers come from outside the uk so the profits go outside of our country too. This fund will ensure we are getting back more and if it grows significantly could allow us to 'buy back' all of our energy sources in the future

by Sarahm1 on March 13, 2026 at 12:17PM

Current Rating

Average rating: 4.3
Based on: 10 votes

Comments

  • Posted by Raven1 March 13, 2026 at 13:25

    This would have the added advantages of:
    1 being compulsory on energy companies
    2 spending of income being decided democratically rather than the current system where energy providers essentially get to decide how their 'community benefits' money is spent.

  • Posted by shonarosehall March 13, 2026 at 16:50

    It is the communities that suffer most from the industrialisation of their areas that should be compensated for the significant damage done. Money going into a national fund would only be an excuse to destroy more rural communities and our most wildlife rich, biodiverse places.

  • Posted by LoreineatBingera March 17, 2026 at 15:25

    A small percentage off the top of every development and its projected energy generation should be consolidated into a national fund but this should be in addition to the community benefit funding.

    Likewise, the same should apply to the Grid Infrastructure. National Grid investors are currently rubbing their hands as the NG's Chief Executive (Zoe Yujnovich on 2 March 2026) has projected 12-14% return on investment in the National Grid - so much so, she is robustly encouraging more investors based on the significant returns.

    It appears that Landowners, Developers, Electricity Companies, and National Grid are all making substantial big profits except the people of Scotland. This needs to change.

  • Posted by Insight26 March 18, 2026 at 16:40

    very important to have some sort of wealth fund from renewables

  • Posted by Ruralresident March 24, 2026 at 15:41

    Any perceived "detrimental" effects of windfarm developments are felt, in differing degrees, by everyone, not just those living closest. A Sovereign Wealth Fund, similar to Norway's would spread the benefit widely (if it could be managed with the same Scandinavian restraint).
    Too much financial benefit concentrated in a small community can (and has in my experience and opinion) lead to disproportionately sized facilities, that are very expensive to run, and a bureaucracy that expands to fit the amount of money available.
    Additionally such organisations learn how to feed themselves by attracting further grant funds, which then require recruitment of additional "management skills" to deal with the complexity. Meanwhile the same 10 to 20 people pay to attend village hall activities, just like they always used to.
    Ideas that require funding don't necessarily occur at the same time that Benefit money is thrust upon a community. A sovereign Wealth Fund would act as a good "reservoir" to enable a steady, predictable flow to be managed more equitably, with greater economical efficiency, for the benefit of everyone, rather than for party time for a few.
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