Nature Conservation

(asked on 22nd March 2022) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, what plans he has for proposals for a legislative nature restoration target; and whether he plans to make funding available to the public and private sectors to support that target.


Answered by
Rebecca Pow Portrait
Rebecca Pow
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 30th March 2022

The Environment Act 2021 requires a new legally binding target to be set to halt the decline in species abundance by 2030, alongside other biodiversity targets we are currently consulting on. This world leading target will drive wide-ranging actions to deliver nature recovery.

This target will be supported by significant investment from public and private sources, recognising the scale of the challenge. This includes over £750 million through the Nature for Climate Fund, biodiversity net gain and future farming agri-environment schemes.

The Government has also set a new target to mobilise at least £500 million in private finance to support nature's recovery every year by 2027 in England, rising to more than £1 billion by 2030. As part of the work to realise this ambition, we are catalysing a pipeline of investible nature projects through the £10 million Natural Environment Investment Readiness Fund and developing an impact fund that blends £30 million of public capital with private sector capital to invest in projects of this type.

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