Environment Bill

Lord Marlesford Excerpts

Committee stage
Monday 12th July 2021 Lords Chamber

[The Deputy Chairman of Committees (Baroness Barker) (LD)]

I have received requests to speak after the Minister from two noble Lords. First, I call the noble Lord, Lord Marlesford.

[Lord Marlesford (Con) [V]]

My Lords, we have rightly heard much about the importance of protecting ancient woodland in Britain for global reasons. Is it not as important, and perhaps more urgent, to halt and prevent the loss of tropical rainforests, such as the Amazon? Has my noble friend considered the proposals that I made at Second Reading for the relief of national debt, both interest and capital repayment, equal to a multiple—possibly a high multiple—of the commercial value of the rainforest that we want to protect? Only if the rainforest were interfered with would the debt be reinstated.

[Lord Goldsmith of Richmond Park (Con)]

I thank the noble Lord for his intervention. We will talk a bit about similar issues in the next debate on due diligence, but it is certainly the case that, if we want forested countries to protect what they have, implement the laws that are in place and help us to turn the tide on deforestation, there will need to be an incentive. In some part, that means financial transfer from other countries. The UK is leading efforts, with the development of a new programme called LEAF, which has already raised in excess of a £1 billion, in theory at least. We hope to continue to attract partners from the private sector and Governments, with a view to working with the main forested nations to protect the forest that they have. This is just one of many initiatives; we are working on a number of initiatives between now and COP, with a view to making a meaningful intervention, we hope, at that event.