Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

UK failing to honour net zero farming pledges, report finds

The UK government’s pledges on reducing greenhouse gas emissions from farming and land use fall short of promises made in its net zero strategy, analysis has found.

Using figures from the government’s carbon budget delivery plan, analysts from WWF found that the total projected emissions reductions from now until 2037 for agriculture and land use were 58% less than the emissions reductions figures underpinning the original net zero strategy. This gap is equivalent to the emissions of the entire UK building sector.

The government announced after Brexit that the EU’s common agricultural policy, where land managers were paid for the amount of land they were in charge of, would be replaced by environment land management schemes. Slowly being rolled out now, these are aimed at paying farmers to restore nature.

However, despite this, for farming the expected total emission reductions from now to 2037 in the new plan are 38% lower than previously promised in the government’s original net zero strategy, and continue to omit any actions to support a shift to more sustainable diets.

The total projected emission benefits from tree planting from now to 2037 are also 85% lower than previously claimed. Tree planting rates are currently only half of what is needed to be in line with net zero.

Peatlands are some of the most carbon-rich areas with the biggest benefits if they are restored. However, according to the WWF analysis, the total projected emission benefits from peatland restoration are 80% lower than the equivalent emissions from peatland promised in the original net zero strategy.

Environment campaigners have raised the alarm that this lack of ambition will not only impede efforts to reach net zero but will also have dire consequences for wildlife and biodiversity, which would benefit from better nature restoration policies.

Angela Francis, the director of policy solutions at WWF, said: “From our economy to the food and drink we consume; nature underpins everything that makes our lives possible. However, these figures show the government have knowingly settled for a lack of ambition, making it painfully clear the gap we face to tackle the climate and nature crisis is greater than ever.

“We need a proper decarbonisation plan for agriculture, proper investment to support farmers to transition to regenerative farming and meaningful action to support sustainable diets. We cannot halt the nature and climate crisis unless we transform the way we use our land. Investment to reward farmers is a vital step to provide what is necessary to meet our climate and environmental goals, reduce emissions and save our wild isles.”

Farmers have previously complained that they have been left behind and not helped to decarbonise their businesses, with the new payment schemes, which faced large delays in being implemented, difficult to sign up to and narrow in their scope.

Matt Williams, an independent climate and land expert who analysed the government’s figures for WWF, said: “The government is putting farming and nature even lower down the pecking order in its climate plan. This will make net zero harder to hit, leave farmers more exposed to climate impacts like drought, and undermine Britain’s food security.

“Farmers deserve to be financially rewarded for restoring trees, hedges, or peatlands, which can help underpin their bottom line and keep them in the business of growing food.”

Read more:
UK failing to honour net zero farming pledges, report finds

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved