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<p>Delivering the plan requires systemic changes across all parts of our economy.
Our recently published Green Finance Strategy is an example of how we are driving
this change by ensuring environmental risks and opportunities are integrated into
mainstream financial decision-making; and accelerating finance to support the delivery
of our environmental ambitions.</p><p> </p><p>A key pillar of this approach is our
plan to replace the scheme of payments under the EU’s Common Agricultural Policy with
a new Environmental Land Management scheme. As we leave the EU, we will establish
a new scheme of payments to reward land managers for providing public goods, aligned
to the goals of the 25 Year Environment Plan.</p><p> </p><p>In addition, the forthcoming
Environment Bill will introduce a mandatory biodiversity net gain requirement for
development. This will incentivise the avoidance of environmental impacts in development
design, encourage the delivery of wildlife habitats in development sites, and stimulate
the development of markets in habitat creation which will help to ensure that developers
are able to fulfil net gain obligations off site when appropriate. We have also announced
£50 million of funding for a new Woodland Carbon Guarantee to stimulate domestic carbon
offsetting and incentivise new tree planting, and awarded £10 million of funding to
four landscape-scale projects to help restore 6,580 hectares of upland and lowland
peatlands over three years, with forecast 23,000 tonnes of carbon saved per year.</p>
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