The package will deliver a new employer recruitment initiative which will create up to 10,000 opportunities for small and medium enterprises to recruit young people.
The money will also be used to establish a Energy Skills Academy to support the creation of skills in oil and gas, renewables, thermal generation, and carbon capture and storage.
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The package also includes an expansion of energy efficiency measures and new active travel measure to develop community cycling infrastructure.
Minster for Environment and Climate Change Paul Wheelhouse said: "The Green Stimulus package should leave nobody in any doubt about this government’s green credentials. Despite clear pressures on public finances, we have ensured that environmental measures are at the heart of this budget, delivering multiple environmental, economic and health benefits.
"From bold and creative cycling solutions – building on the momentum of Scottish Olympic success and in the run up to the Commonwealth Games - to peatland restoration and a range of energy efficiency measures, the green package will play a pivotal role in supporting our nation’s economic recovery.
"The green package also includes a range of measures to promote energy efficiency both in the private sector – helping hard-pressed households cope with rising bills – and in the public sector where greater energy efficiency will save money for the public purse."
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