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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 7 June 2025
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Displaying 4994 contributions

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Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

They could sell credits on 200,000 hectares of land, which would be only a third of what is held. I find it difficult that land that is owned by the people of Scotland could be traded for carbon credits, given that the market is so risky, but credits on a third of that land—200,000 hectares—would probably allow those organisations to fund all the Government’s tree-planting targets. Would that be a good deal?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

Okay. I have a final question. Living in the Highlands, I have heard huge stories about remote landlords being what we want to get rid of. I suggest that the carbon market has probably made some of the landlords more remote. For example, BrewDog owns Kinrara; abrdn—Standard Life—owns Far Ralia; and Glen Dye is owned by Aviva and Par Equity. How do I contact the people who are investing in the natural capital of Scotland? Where can I ring abrdn to find out who is looking after Far Ralia? That will impact on local communities. Are those landlords not remote? That is a rhetorical question; who would like to answer it?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

I do not know about that. At Kinrara, for example, there were five employees; now there are zero. I am just trying to work out what the effects will be. Does anyone want to say a positive thing—for example, that the carbon market will make things more local and will bring the land back to local people?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

Welcome back to the meeting and our second panel of witnesses on natural capital.

I welcome Dr Naomi Beingessner—did I say that right?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

Interestingly, you said that there is an opportunity for benefit, but benefit usually comes with risk. There is zero risk with a wind farm; it will go up and the turbines will turn, so we know what will happen. There is a huge risk with natural capital, because we do not know what the obligations are. Should there be risk sharing as well as benefit sharing? You can give a yes or no answer to that.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

I thought that the private purse was taking the risk.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

Is Gresham House not investing in it and buying the PIUs?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

I think you have a question, Monica.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

That is what I am after. I then need to bring in the deputy convener.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

This is not an excuse to discuss the whole bill. You can say one thing each if you want to. I am sorry, but we are so tight for time.