The report by Scottish Futures Trust and PwC examines delivery structures for low carbon investment in the public sector. The report is intended for SFT and is based on the terms of the engagement letter dated February 21, 2013. The report is not intended to form the basis of investment decisions and does not absolve third parties from conducting their own due diligence. The report contains information obtained from various sources and has not been verified by PwC. The report is not comprehensive and is subject to change. The report is divided into seven sections, including an executive summary, strategic context, appraisal of delivery options, strategic aggregation, conclusions and next steps, and an appendix.