EDINBURGH, Scotland, Feb. 29 (UPI) -- The more than $5 million available in research funding would help Scottish businesses develop low-carbon technology, the Scottish government said.
Scottish officials announced that they awarded $5.4 million in development funds to six university programs aimed at developing low-carbon technologies, products and services for up to 1,000 small and medium-sized businesses in the country.
"Collectively they form a comprehensive, coherent and integrated work program that will increase the extent of quality of knowledge exchange with industry," Scottish Finance Secretary John Swinney said in a statement.
Scotland has some of the most ambitious renewable energy targets in Europe. The government aims to meet 100 percent of the electricity demand through renewable energy resources by 2020.
The Scottish government of First Minister Alex Salmond announced plans for a referendum for independence by 2014. He added that an independent Scotland would be able to export as much as half of the electricity it generates by 2020.