Natural Resources

HM Treasury written question – answered on 11th March 2015.

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Photo of Joan Walley Joan Walley Chair, Environmental Audit Committee, Chair, Environmental Audit Committee

To ask Mr Chancellor of the Exchequer, if he will incorporate a section on natural capital in his annual budget report.

Photo of Priti Patel Priti Patel The Exchequer Secretary

Economic growth and improving the environment go hand-in-hand, and the Natural Capital Committee has made a range of recommendations on how we manage the environment in a way that will enhance it for future generations whilst meeting our economic needs.

Given the significance of this work, the Government is carefully analysing the recommendations made in the Natural Capital Committee’s report, and will respond in due course. As part of that response, we will set out how Government plans to integrate natural capital into wider policy making and reporting.

The Government takes natural capital very seriously. We have set long term-goals to stop the decades of decline in wildlife and habitats, and have already seen some improvements. Since 2010 we have helped to create over 150,000 acres of field margins, wetlands and woodlands, and woodland cover is at its highest level in 700 years.

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