Global Warming Debate
Full Debate: Read Full DebateLord Roborough
Main Page: Lord Roborough (Conservative - Excepted Hereditary)Department Debates - View all Lord Roborough's debates with the Department for Environment, Food and Rural Affairs
(1 week, 6 days ago)
Lords ChamberMy Lords, I refer the House to my interests as set out in the register, in particular as a developer of new, woodland carbon code qualified forests through LR Strategies; as an investor in Cecil, a data platform for nature reporting, and in Circular FX, a trading platform for natural capital; and as a farmer and landowner.
I am most grateful to the noble Lord, Lord Teverson, for bringing this important debate. I always listen with great interest to contributions from the noble Lord, who has unique insights into these issues. Other noble Lords spoke with great authority on many different areas, and they have left me with little more to say on illustrating the extent of the problem.
How we in the UK interact with our landscape and ecosystems will have marginal impacts on global warming or global ecosystems, but it is still critical. As a wealthy and small nation, we are well placed through our actions to create, demonstrate and export best practice. Our actions will also have a massive impact on how we experience global warming and climate change in our country; we must continue to act.
It is also important that we remember the line of the great ice hockey player, Wayne Gretzky:
“Skate to where the puck is going, not where it has been”.
Softwood trees we plant now will mature in 30-plus years in a climate not experienced in this country for 100,000 years. Our mighty oaks planted now will take 75-plus years to mature, and that could be in a climate that this country has not experienced for as much as a million years. Therefore, it is critical that we focus on planning ahead and stewardship rather than preservation, in order to protect and allow adaptation in a thriving, healthy, resilient ecosystem.
There is much anecdotal good news, as many noble Lords have highlighted. I add that Knepp and Nattergal have achieved remarkable things with rewilding, and evolving over time the balance between rewilding and food production. Foresight and Gresham are highly successful in reforesting tens of thousands of acres, with the help of the woodland carbon code. I was also lucky enough to spend a day with BaumInvest at its Finca La Virgen reforestation project in Costa Rica, where sloths, monkeys, frogs, deer and ocelots had all recolonised this 750-acre reforestation project since it was planted only 12 years ago. That project is enabled by the sale of carbon sequestration units under the gold standard.
However, all these achievements are measured in the hundreds, thousands or low tens of thousands of acres. There are 60 million acres in the UK, and we are a tiny country. Thunder Said Energy estimates that 6 billion acres globally have been deforested since 1850, releasing a quarter of all anthropogenic emissions and destroying ecosystems that had been in place since the last ice age and before. It estimates that 3 billion acres could be reforested, allowing decimated ecosystems to recover on a global scale and massive recapture of carbon dioxide. This is less than 20% of available land, and with careful planning can protect global food production.
Although the UK may be a small country, it is climactically advantaged for growing trees and has considerable areas that either are not farmed or could potentially be better used economically and environmentally for growing trees. We also have a strong market for timber, given that we currently produce only 20% of our timber needs. However, the cash flow profile of timber production, with it taking around 40 years until the first meaningful revenue is generated, has made it difficult to persuade land managers to change land use to forestry. Does the Minister propose to revise—I hope upward—our previous Government’s commitments to new forest creation? What more will and can this Government do to help achieve those targets?
In government, we established the Woodland Carbon Code, which creates additional incentives for reforestation via the award of carbon sequestration units, which can then be sold to help bridge the cash flows between planting and first harvest. It is unfortunate that recent rule changes appear to have made qualification unnecessarily difficult. Can the Minister say what progress is being made with the E&Y consultation on additionality qualifications, and what progress is being made with the code certification under the Integrity Council for the Voluntary Carbon Market’s core carbon principles? When do the Government intend to announce the results of the consultation on admitting WCC units into the UK Emissions Trading Scheme? Could the Minister update the House on what other initiatives are being pursued to bring private finance into nature restoration and other nature-based solutions?
Within the context of the horrendous changes to APR and BPR for inheritance tax, forestry investment will also be damaged, as forestry previously qualified for 100% business property relief. Given that forests can take from 30 to over 100 years to mature, these are multigenerational assets that lose their appeal if they are subject to inheritance tax, requiring disposals to fund that liability. This will tilt the equation back towards annual crop and animal farming. I urge the Government to rethink this disastrous change in the tax code while there is still time and before permanent damage is done to families and family businesses.
The forestry sector has been disappointed with the Defra biodiversity net gain calculations, which appear unable to capture the full life cycle biodiversity gains from forestry, which are evident to anyone spending time in forests. While new forests may often be predominantly of productive species, all new forestry schemes are required under UK forestry standards to have strong diversity of species planted, which creates vibrant new ecosystems. What progress is being made to improve the BNG calculations so that they work for forestry?
The role of land use change in nature conservation, preservation and enhancement goes far beyond just forestry, as many noble Lords have noted. While this particular land use change may give the most bang for the buck in protecting and enhancing nature, we need other, more incremental land use changes that preserve and enhance our food security, while being kinder to our soils and our native flora and fauna. These include regenerative farming, the rewetting of peatland and highly selective rewilding, in addition to the reforestation I have discussed—lots of “re-” words.
Land use needs to change, but the right choices can preserve our ability to feed ourselves without it being at the cost of carbon emissions, and with massive benefit to ecosystems. With the excellent Environment Act, bequeathed to us by my right honourable friend Michael Gove, the last Government initiated local nature recovery strategies, biodiversity net gain, a general duty to preserve and enhance nature, species conservation strategies, protected site strategies, conservation covenants and the power to ban the import of commodities from forests at risk. That Act is the greatest boost to nature recovery since the original Wildlife and Countryside Act and the creation of the national parks.
I very much amplify the comments of the noble Lord, Lord Curry of Kirkharle, on the terrible impact of predation on our most prized species, as well as his call for a soil action plan. I am most grateful to the noble Baroness, Lady Jones of Moulsecoomb, for her gentle chiding of this Government’s commitment to nature restoration, and to the noble Earl, Lord Devon, for his warnings to this Government on their need to restore trust with farmers and landowners after a disastrous Budget. I urge the Government to pay heed to my noble friend Lord Caithness’s warnings of increased wildfire risk as a result of global warming.
We have the opportunity in this small but productive country to take leadership on land use changes and demonstrate to the world how to develop nature-based financial solutions which can allow us to be a world leader in standards, markets, and advisory and financing solutions. To quote Giuseppe Tomasi di Lampedusa in The Leopard:
“If we want things to stay as they are, things will have to change.”