Riding the coat tails of the new London Plan, we expect significant activity across London’s local plans in the next 18 months. As the capital looks to recover from the pandemic, the competing priorities will be a challenge to policy officers London-wide.
A ‘blessing’ of the UK’s cool and wet oceanic climate is that it allows for the formation of peatland, fondly referred to as ‘bogs’. Peatlands are not unique to the UK but are found across the globe and on all continents. Although the highest levels are found predominately in the northern hemisphere, significant levels of peatland are also found in Indonesia, Papua New Guinea and Tasmania.
The trajectory of the carbon offset market looks set, with the launch sequence initiated. The global voluntary carbon market doubled between 2017 and 2019 and with the likes of visionary Microsoft founder Bill Gates and ex-Bank of England Governor Mark Carney collaborating on a taskforce aiming to scale this market, some estimates put the value of the voluntary carbon market growing from around $300 million today to $25 billion by 2030.
As we struggle towards what we hope will be the final stages for the UK of this terrible global pandemic, a growing commitment towards climate change reversal and managing natural capital and biodiversity is ramping up in a way which has made the last five years look like a warm up.