Planning and Infrastructure Bill (Tenth sitting)
I will try to speak briefly. Amendment 92 is particularly important considering the conversation that we have just had about my previous amendment. Effectively, the nature restoration fund offers the opportunity for developers to buy the right to pollute in one location if that money is used to create habitats or support remedial action in another location. But clause 62, as it is currently drafted, makes the payment into the NRF subject to a viability test, which undermines the polluter pays principle, which is one of the fundamental environmental principles to which the Government are supposed to be sticking. The amendment reinforces the polluter pays principle. It is a well-established environmental policy doctrine endorsed by international agreements, numerous national frameworks, and the Government’s own environmental principles. It asserts that those who cause environmental degradation should bear the costs associated with its mitigation and restoration.<span id="419" class="column-number" data-column-number="419"></span> Removing the economic viability constraints means that, in principle, a developer could make their own assessment of whether paying into the NRF would undermine their capacity to pursue a development. Therefore, the viability caveat undermines the environmental goals. It dilutes the effectiveness of the nature restoration levy by tethering it to this ambiguous economic viability standard. It is a subjective and, frankly, developer-biased filter that might lead to inconsistent applications of the levy or weakened environmental commitments in the face of commercial pressures, and in so doing, could prioritise short-term developmental gains over long-term ecological resilience. Allowing economic viability to act as a limiting factor to the NRF creates a dangerous precedent, because it implies that environmental restoration is, in effect, a negotiable, secondary or optional cost that could be trimmed if profit margins are tight. Again, that would surely not be compatible with the Government’s stated aims for establishing this policy approach. Frankly, in the context of a rapidly escalating biodiversity crisis, the approach is both irresponsible and unsustainable. I warmly encourage the Minister, yet again, to consider my helpful amendment.