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The CLA calls for ‘Green Stock Exchange’ to boost environment The rural economy experts said that the state of the environment and rural development could be both boosted by an exchange where environmental credits are traded. The scheme was unveiled today at a launch of the CLA paper Private Solutions To Public Problems: Developing Environmental Markets at a CLA seminar at the offices of Smith and Williamson in the City of London. CLA President Henry Aubrey-Fletcher said: "The CLA is proposing a revolutionary way of using private markets to provide the environmental protection and maintenance that society increasingly demands. "In the paper that the CLA launched at the seminar, we describe a wide range of different mechanisms by which this could be achieved. We are calling for the Government to convene a Biodiversity Business Partnership to develop and create environmental markets in the UK." Dr Derrick Wilkinson, a former CLA Chief Economist and the author of the report, said: "We know this could work in the UK. In Australia, bio-banking has been shown to work to address the loss of biodiversity, and in the US there are no fewer than 122 mitigation banks and a market worth a billion dollars. "Creating these environmental markets would be a triple victory – a win for the environment, a win for rural business and also a win for environmental regulators who would find themselves working with fewer but more professional environmental producers." Dr Wilkinson, Henry Aubrey-Fletcher and the event's keynote speaker, leading economist, author and Financial Times columnist Tim Harford are all available for interview.
CLA MEDIA CONTACTS: For further information and interviews: Oliver Wilson, Director of Communications, 020 7460 7936 or 07702 928828, ollie.wilson@cla.org.uk, Phillippa Coates, Press Officer, 020 7460 7934, phillippa.coates@cla.org.uk Out of hours: 020 7201 9511. |
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