BREAKING!
A UK lobby coalition just published a report for the creation of markets for #nature, on #habitats for wildlife, #carbon sequestration, #nutrient reduction credits trading aka #water pollution trading, #air pollution and #flood mitigation. 1/6
irp.cdn-website.com/82b242bb/files…
A UK lobby coalition just published a report for the creation of markets for #nature, on #habitats for wildlife, #carbon sequestration, #nutrient reduction credits trading aka #water pollution trading, #air pollution and #flood mitigation. 1/6
irp.cdn-website.com/82b242bb/files…
"I look forward to working with the Coalition to make these markets a reality" said British MP Helen Whately, exchequer secretary to the Treasury. The UK govt has indeed committed to working with this coalition to scale up environmental mkts in the UK
carbon-pulse.com/162013/?utm_so…
2/6
carbon-pulse.com/162013/?utm_so…
2/6
This news follows the recent UK government announcement of the creation of a wetland ‘super reserve’ in the south west of England containing 11 Mt of #carbon in storage 3/6
This financialisation and privatisation of nature is unsurprisingly framed as a source of significant local employment and additional revenues for farmers and landowners 4/6
The report also unsurprisingly calls for government derisking in order to increase returns for private investors, also calls to remove regulatory barriers to large scale private investment in nature recovery (environmental regulations?) 5/6
... and calls to set up legally binding targets in order to generate demand. Something to keep in mind as @EU_ENV is about to publish its proposal for legally binding EU #nature restoration targets on 22 june? 6/6
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