Baroness Sheehan
Main Page: Baroness Sheehan (Liberal Democrat - Life peer)(1 year, 6 months ago)
Grand CommitteeMy Lords, it is a pleasure to follow the noble Viscount. I must compliment the noble Lord, Lord Patel, who so expertly chaired the committee, on which I was privileged to serve, and produced such a fantastic report. I thank the noble Baroness, Lady Brown, for so comprehensively introducing the report; there is very little left for us to say, especially on land use. I echo her thanks to the clerk of the committee and the staff, and to the special adviser, Professor Pete Smith.
Planet earth supports life above and below ground through the intricate web of independence of all living species, flora and fauna, in balance with the essential physical cycles of water, carbon and nitrogen. The biggest takeaway for me from this report is how woefully incomplete our understanding is of these forces and how they interact with each other. For example, we are only now beginning to understand the vital role of soil, be it onshore, in ancient rainforests, tropical or temperate, in mixed woodland, in peatlands, in grasslands or mangroves, or offshore. For the first time, we are beginning to appreciate the effectiveness of seagrass meadows, kelp forests, the seabed floor and algae as essential carbon sinks.
This report makes many recommendations on how much better we should be doing in understanding how to manage our land in the UK to reduce emissions of greenhouse gases. I know that other noble Lords will cover that aspect, so I will concentrate most of my remarks on recommendations 6, 7, 8 and 9, which all relate to the marine environment and the gaps in the evidence base about carbon sequestration in marine habitats.
In the report, we recommend collaboration between Natural England, the Crown Estate, the Marine Management Organisation, academics and other relevant bodies, and we asked Defra to support research on establishing the current and historical extent of marine habitats, their carbon sequestration rates and their long-term potential for carbon storage. In their response to the report, the Government cite a slew of collaborative efforts, and it is clear that in the run-up to COP 26 that was indeed the case. I thank the Government for their work on raising the profile of the marine environment. However, can the Minister tell us in what way that momentum has been maintained since November 2021?
Lastly on this issue, an important point was raised in recommendation 9 about the effects of bottom trawling on the decline of marine habitats. This was not addressed in the Government’s response, so can the Minister update your Lordships on research programmes by the MMO to look into this vital issue?
We are at a crucial point when global emissions need to be falling fast, yet they are in fact still rising and have not yet peaked. To reduce or even stabilise concentrations of carbon dioxide in the atmosphere, the world needs to reach net-zero emissions. This requires fast reductions in further anthropogenic emissions, and I hope that the creation of the new Department for Energy Security and Net Zero will bring greater emphasis on energy generation by renewables and end the preferential treatment of oil and gas producers in the North Sea, so that we can proceed with the phase-out of destructive greenhouse gases as fast as possible.
However, it is increasingly being realised that a huge expansion in global carbon removal capacity is required to deliver on global climate goals, and time is of the essence. Novel techniques such as carbon capture and storage; BECCS—bioenergy with carbon capture and storage; direct air capture and enhanced rock weathering do not yet deliver at scale. Indeed, an Oxford University study found that all current carbon removals —that is, 2 gigatonnes of carbon dioxide per annum—come from conventional nature-based approaches, and nature-based solutions remain far more cost-effective than high-tech versions.
We are in such dire straits that it is essential that research into the newer emerging carbon removal techniques continues apace, but we must grasp what we know works today and protect existing carbon sinks wherever we find them in order to minimise emissions, such as from deforestation, and increase our efforts to create more of the carbon sinks that we know work—for example, planting the right trees in the right place—as fast as possible.
That is where carbon offsets come in, because they are a way of getting the trillions of pounds of investment that the World Economic Forum says is needed to reduce emissions. However, carbon offsetting schemes are open to abuse. The Climate Change Committee has recommended putting stronger regulation, guidance and standards in place to ensure that the purchase of carbon credits is not used as a substitute for direct business emissions reductions. This is the thrust of recommendation 39, which asks BEIS, as was, to provide clarity about what companies must do to claim net zero emissions.
The Government’s response, unfortunately, is not very satisfactory. The Minister will know that I have my name to a number of amendments to the Financial Services and Markets Bill that are designed to deliver a functioning green taxonomy, sustainable finance disclosures plans, mandatory transition plans and clean supply chains from resources from deforestation, as an example. That would give the UK the momentum it needs to become a net-zero financial centre with reduced opportunities for greenwashing.
In conclusion, the report emphasises the importance of nature-based solutions in meeting our net-zero targets and points a way forward for the UK to be at the forefront of this opportunity. I recommend it to noble Lords.