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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 23 June 2025
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Displaying 1516 contributions

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Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Okay, but do you agree that it is important for the committee and Parliament to have a good idea of how many jobs are involved? We have heard that Gresham House is an investment fund for high-net-worth individuals, and that it is supported by public subsidies—£50 million from the Scottish National Investment Bank, I think. That is a lot of public money. Of course, there are also various tax reliefs.

The committee and Parliament are concerned about the progress that we need to make on the just transition: we need to pick up the pace. What is happening to people’s jobs is at the heart of that. You said that it is hard to verify the figure of 200 jobs, so can you go away and look at that and get back to the committee? Does the SNIB not ask you to give figures on jobs?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

That is fine.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Yes. It is my understanding that the finance metric in the current natural capital finance model is generally based on carbon. We want to see the delivery of integrated benefits, including things such as biodiversity or natural flood risk management. Does that model take the right approach, or could there be an improvement?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

That is helpful. Josh Doble, do you want to add something about how a community code would work in practice?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Josh is smiling, so we will come to Josh and then come back to you, Naomi.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Take your time. We can always come back to you in a second if you want.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

I just wonder whether we are getting the balance right—

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Do you think there should be a reference to carbon in the bill?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

I am eager to oblige, convener. I have a brief question for Olly Hughes. What percentage of tree planting that is carried out by the Gresham House fund in Scotland is native species?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

On community wealth building and the just transition, I am interested to hear from each of our witnesses about the extent to which the market is delivering multiple benefits in terms of communities, nature restoration and making Scotland more resilient to climate change.