This scheme aims to replace complex wildlife protection legislation with a scheme to allow developers to destroy wildlife on their development and paying for that 'biodiversity' to be created elseware. On the surface this is actually a good idea and could enhance the overall biodiversity of the UK.
BUT! This is not what will happen, it is in fact just a massive scam (just like the Carbon Offsetting Scheme) to funnel ever more profits into the pockets of landowners and bankers. As you un-peel the onion of the economics of wildlife destruction we can get to the root problem. That destroying wildlife is very profitable as the profits go mostly untaxed into the hands of the lucky few who get permission to destroy Biodiversity & own the land. If we just taxed wildlife/land destruction (shifting the taxes off income tax and VAT so it would have no negative impact on the economy) we could square this circle and have better use of land, more economic activity and more wildlife! The best way to achieve this is by the tax shift to 'Land Value Tax' and specific taxes on the destruction of priority habitats and wildlife (economist call like to call these taxes on externalities or Pigovian Taxes )
Of course the landowners and bankers would loose their huge profits and be worse off, so we know why mainstream politicians avoid this solution. The loss of monopoly rental income would remove so much of the corruption inherent in our political and economic system, but that system will kick and scream like a spoilt child if we ever manage to achieve it.
- Not affect existing wildlife - it really must come from marginal farmland and not spent on wasteful habitat management schemes that are transitory in nature. (certainly not on paths and interpretation!)
- Administered by professional ecologists with no conflict of interest, independent of government or commercial pressure
- Be permanent and inailable. Unlimited time conservation covenants (legal charges on land – held by HMG through Natural England)