Featuring in Carbon Pulse, partner Angus Walker reports on the UK government selling its first batch of biodiversity credits to a developer under the biodiversity net gain scheme.
One developer is buying 0.7 units of the biodiversity credits in the ‘A1’ tier for low-medium distinctiveness (£29,400), and 0.13 units in the ‘H’ hedgerow tier (£5,720), with Carbon Pulse estimating that these will cost £35,120.
Partner Angus Walker comments:
‘There isn’t supposed to be much demand, as they are a last resort. I think the lack of demand is more that not very many projects have got this far, than they are all going for on-site and off-site units.’
Read the full article on the Carbon Pulse website.
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