What is the Government doing to promote investment in nature? Minister Mary Creagh to give evidence
In a wide-ranging evidence session on natural capital and the outcomes of the recent COP16, Nature Minister Mary Creagh will appear before the Environmental Audit Committee.
Meeting details
The first half of the evidence session forms the final hearing on the revived inquiry, ‘The role of natural capital in the green economy’. The Committee heard last week that while the financial sector is ready to invest in nature recovery, business and policy levers need to be addressed to spur progress. Members will be keen to explore the Government’s implementation of its Nature Markets Framework, and its role in achieving the pledge of protecting 30% of land and sea by 2030.
The second half of the session will focus on the outcome of the 2024 UN Biodiversity Conference (CBD COP16), and the UK Government’s next steps ahead of COP16 resuming in February 2025. While there was some success at COP16, including an agreement of a global levy on products using genetic data from nature, countries failed to agree on nature finance and the monitoring of targets. Members will be keen to hear from the Minister on the Government’s position going into the resumed talks in February.