Spring statement: six things you need to know

Chancellor Philip Hammond has set out a number of new green policies as part of the Treasury’s spring statement, ranging from new biodiversity net gain targets to zero-carbon heating in new homes. Here’s what you need to know

  1. New developments in England will need to provide net gains for biodiversity. Hammond announced that the upcoming Environment Bill would include a requirement for developers to add to biodiversity when undertaking new projects, “ensuring that delivery of much need infrastructure and housing is not at the expense of vital biodiversity.” While DEFRA only recently closed a consultation on its net-gain plans, some major builders have already adopted the mechanism and have called on the government to set legally binding biodiversity targets in the bill.

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