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A Bill to make provision for a Charter for
Environmental Responsibility and for the
publication of Natural Wealth Statement
and Natural Wealth Report; to establish
an environmental wealth duty; and for
connected purposes.
3
The Charter may contain such
other material as the Treasury
considers appropriate.
4
The Treasury must lay the Charter
before Parliament.
5
The Treasury may from time to time
modify the Charter.
6
When the Charter is modified
the Treasury must lay the modified
Charter before Parliament.
7
The Charter (or the modified Charter)
does not come into force until it has
been approved by a resolution of the
House of Commons.
8
The Treasury must publish the
Charter and any modified Charter once
approved by the House of Commons.
Charter for Environmental Responsibility
1
The Treasury must prepare a document,
to be known as the Charter for
Environmental Responsibility, relating
to the formulation and implementation
of fiscal policy and policy for the
management of the National
Natural Wealth.
2
The Charter must in particular set out
A)
the Treasury’s objectives in relation
to policy for the management of the
National Natural Wealth.
B)
the means by which the Treasury’s
objectives in relation to the
management of National Natural
Wealth will be attained (“the natural
capital mandate”), and
C)
matters to be included in a Natural
Wealth Statement and Natural Wealth
Report prepared under section 2.