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Seòmar agus comataidhean

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 12 July 2025
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Displaying 5973 contributions

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Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

I am not sure whether the local communities have much input to the planting of Kinrara, or whether the aspirations of the owner to plant bits of it, which are peat and cannot be planted, were ever achievable.

We will leave it there. This subject is very interesting, and it is apposite that we look at it now, given that the Land Reform (Scotland) Bill is before the Parliament.

I thank you all for coming. Although I do not want to single anyone out, I was appreciative, Olly Hughes, that you decided to join at the last minute. I understand how that worked out and I am grateful, because you added to the excellent evidence that we have heard this morning.

10:41 Meeting suspended.  

10:48 On resuming—  

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

I should say to the witnesses that the problem is that, if you all look away, I will have to nominate somebody. If you could indicate whether you would like to come in, I will try to gauge—[Interruption.] Oh my God, every hand has gone up. Now, this is not good.

Lydia Cole, I think that you were first, and then I will bring in Josh Doble.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

Mark, you have some questions.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

We are very tight for time. Please go to your question, which I think was about—

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

I will go to the deputy convener because he needs to get in his question.

Net Zero, Energy and Transport Committee

Subordinate Legislation

Meeting date: 26 March 2024

Edward Mountain

The next item of business is consideration of a type 1 consent notification relating to a proposed United Kingdom statutory instrument to amend the Green Gas Support Scheme Regulations 2021.

On 1 March, the Minister for Zero Carbon Buildings, Active Travel and Tenants’ Rights notified the committee of the proposed UK SI, whereby the UK Government is seeking the Scottish Government’s consent to legislate in an area of devolved competence. The committee’s role is to decide whether it agrees with the Scottish Government’s proposal to consent to the UK Government making the regulations within devolved competence and in the manner that the UK Government has indicated to the Scottish Government.

If members are content for consent to be given, the committee will write to the Scottish Government accordingly. In writing to the Scottish Government, we have the option to pose questions or to ask to be kept up to date on relevant developments.

If the committee is not content with the proposal, we may make one of the two recommendations that are outlined in the clerk’s note, which I do not propose to go through at the moment. Do members have any views on the proposal, or are members content with it?

As no one has indicated that they have any views, I will move to the substantive question. Is the committee content that the provision set out in the notification should be made in the proposed UK statutory instrument?

Members indicated agreement.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

Our next agenda item is an evidence session on natural capital finance in Scotland. On our first panel, I am pleased to welcome Stuart Greenwood, who is a partner in Shepherd and Wedderburn LLP’s rural property and business team; Joel Paterson, who is the head of natural capital in Scotland at Strutt & Parker; Stephen Young, who is director of policy at Scottish Land & Estates; and Olly Hughes, who is managing director of forestry at Gresham House. Olly, thank you for agreeing to join us at slightly the last minute.

It will be an interesting session, and I know that members will have lots of questions. The temptation for witnesses is to want to answer every single question. As nice as that might be for you, it is not possible for me because it would mean that I cut out some of the committee members, which would cause a disagreement afterwards that I would have to resolve. If you agree with what somebody said, you do not need to say any more, but, if you want to come in, try to catch my eye or the member’s eye and we will bring you in, and I will try not to cut you off.

Before we go into the session, I remind members of my entry in the register of members’ interests, in that I am a member of a family farming partnership. We farm 500 acres of land that I own in Speyside, and we are tenant farmers of another 500 acres in Speyside. I can say quite categorically at this stage that I have not invested in natural capital, because I do not understand it. Maybe all will become clearer today.

The first questions are from Bob Doris.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

Douglas Lumsden has some questions.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

It sounds a bit like a Ponzi scheme to me, but maybe I have it wrong.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Edward Mountain

The deputy convener is next. You are up, Ben.