Robbing Peter to
pay Paul
You may have seen the headline in The Daily Telegraph last
week that read, “Why Britain’s housebuilders are buying up trout farms to
stave off a collapse.” The reason is nitrate neutrality rules.
In essence, if you build a new house or houses you have to
demonstrate that no additional nitrate load, the by-product of sewerage
output, will end up in the rivers and sea. Nitrates, along with
phosphates, are two of the big pollutants doing long term harm to the
countryside created 60% from sewage and 40% from farming, including fish
farming.
Of course, it is absolutely impossible to build one house,
let alone the millions government see as required, without creating
nitrates so some bright bureaucrat came up with the idea of nitrate
credits. Essentially, developers go out into the market to buy nitrate
producing assets such as farmland, piggeries or trout farms, take them out
of production to ‘trade’ the nitrate credit with the planners in return
from planning permission. If you recall, you would have read here of one
such example on the River Avon that I wrote about last year.
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