Cost of UK biodiversity regulation could be ‘catastrophic’, UK ports say

UK shipping ports warn of a "catastrophic" cost associated with proposed biodiversity regulations. The British Ports Association (BPA) urges the UK government to reconsider the potential impact of biodiversity net gain regulations, which require developers to ensure a positive outcome for nature. The BPA argues that the regulations, aimed at restoring habitats, could seriously harm investment in UK port development. The proposed regulations involve calculating biodiversity value and developers regenerating 110% of that value through various means. Critics, including the BPA, claim the credit prices are too high, potentially surpassing the cost of port development. (Financial Times)