Issue - meetings

EnTrade Solent Nutrient Market Pilot

Meeting: 12/04/2023 - Cabinet (Item 553)

553 EnTrade Solent Nutrient Market Pilot pdf icon PDF 115 KB

Planning

To consider options related to a nutrient-credit trading platform that could help relieve pressure on new developments required to deliver nutrient neutrality.

Decision:

Resolved:

That authority be delegated to the Head of Planning and Building, in consultation with the Heads of Legal and Democratic Services and Finance and Revenues, and the Portfolio Holders for Planning and Finance and Resources, to join the EnTrade Solent Catchment Market Pilot, and any subsequent extension of the scheme or new Entrade trading platform scheme, subject to legal arrangements which are acceptable to the Council for the delivery and operation of the scheme(s).

Minutes:

Consideration was given to a report of the Planning Portfolio Holder which considered the merits of the Council becoming a member of the EnTrade Solent Catchment Market Place.

EnTrade is a project supported by DEFRA to develop a strategic approach to mitigation based upon a neutrality approach via the introduction of a pilot trading platform. 

In light of the benefits it was recommended that the Council joins the EnTrade trading platform scheme, provided that appropriate terms and conditions with EnTrade and other interested parties can be agreed, with the final decision therefore being delegated to the Head of Planning and Building in consultation with the Head of Finance and Revenues, Head of Legal and Democratic Services and the Portfolio Holders for Planning and Finance.

Having considered the options and for the reasons set out in the report, Cabinet agreed to the following:

Resolved:

That authority be delegated to the Head of Planning and Building, in consultation with the Heads of Legal and Democratic Services and Finance and Revenues, and the Portfolio Holders for Planning and Finance and Resources, to join the EnTrade Solent Catchment Market Pilot, and any subsequent extension of the scheme or new Entrade trading platform scheme, subject to legal arrangements which are acceptable to the Council for the delivery and operation of the scheme(s).