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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 18 July 2025
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Displaying 1523 contributions

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Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

I was going to ask about the Land Reform (Scotland) Bill.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

I was surprised that I was allowed to ask any questions, given the time. I will move on to my question.

The Land Reform (Scotland) Bill has been introduced only recently. Do you have any initial views or thoughts on the relevance of the bill to our discussion? Will any of the proposals in the bill tackle the issues that have been raised, such as land markets, transparency, community engagement or land use changes? Just say a couple of words, if you could.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Yes. It is my understanding that the finance metric in the current natural capital finance model is generally based on carbon. We want to see the delivery of integrated benefits, including things such as biodiversity or natural flood risk management. Does that model take the right approach, or could there be an improvement?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

That is helpful. Josh Doble, do you want to add something about how a community code would work in practice?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Josh is smiling, so we will come to Josh and then come back to you, Naomi.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Take your time. We can always come back to you in a second if you want.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

I just wonder whether we are getting the balance right—

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Do you think there should be a reference to carbon in the bill?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Okay, but do you agree that it is important for the committee and Parliament to have a good idea of how many jobs are involved? We have heard that Gresham House is an investment fund for high-net-worth individuals, and that it is supported by public subsidies—£50 million from the Scottish National Investment Bank, I think. That is a lot of public money. Of course, there are also various tax reliefs.

The committee and Parliament are concerned about the progress that we need to make on the just transition: we need to pick up the pace. What is happening to people’s jobs is at the heart of that. You said that it is hard to verify the figure of 200 jobs, so can you go away and look at that and get back to the committee? Does the SNIB not ask you to give figures on jobs?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

That is fine.