The Chairman of the Aldersgate Group, Peter Young, has said we need a repayment plan to address the natural capital debt. Delivering the closing remarks at RSPB's Conference for Nature alongside other keynote speeches from Sir David Attenborough and the Rt Hon Nick Clegg, Deputy Prime Minister, he said that the debt to nature was far worse than the financial debt.
Peter Young said: "If the Greek debt crisis looked bad our natural capital debt is even more grave. The plant will become truly bankrupt if we don't start reducing it soon. We need a credible repayment plan to start restoring nature now."
"The next government must act for nature. New legislation to halt destruction and start recovery, a clear long term remit for the Natural Capital Committee Mk II, and consistent linkage between the health of the individual, the economy and nature in policy making would do it for me. It is time to halt the selfish complacency of procrastination which politicians have shown in dealing with our urgent environmental problems."