Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

The COP Shop 2: Tackling energy and agriculture’s joint climate challenges

© Scottish Event Campusenergy events omicron
The SEC Glasgow.

Energy and agriculture: Two industries which may not naturally go hand in hand. But they are critical in meeting society’s needs for food and fuel and both are at a crossroads in tackling carbon emissions.

What’s more is they will both inevitably be impacted by the outcomes of the COP26 climate summit which is now, finally, under way in Glasgow.

The COP Shop is the new podcast and article boxset series from Energy Voice in association with COP26 principal partner NatWest Group, diving deep into the critical climate summit and the role of green finance in helping the world meet its emissions reduction goals.



In this second episode, the parallels between the energy and agriculture/ land management sectors are explored. The deep dive discussion ranges from the transformation a company whose roots run deep in the North Sea oil industry (and before that fishing), to helping protect precious natural carbon sinks like Scotland’s peatlands.

Taking on the issues, EV Europe Editor Allister Thomas is joined by NatWest Head of Climate Change James Close alongside Martyn Link, Chief Strategy Officer at energy services giant Wood and Stephen Young, Head of Policy at rural business organisation Scottish Land and Estates (SLE).

Earlier this year Wood became the first company to receive a UK Government-backed green loan, worth £430m, to allow it to capitalise on the energy transition. The facility is 80% guaranteed by UK Export Finance, while NatWest is one of the mandated lead arrangers.

Mr Link said the move came as Wood was thinking about how to “stimulate wise investment” as the transition gathers pace.

He added: “Effectively what that’s meant is we’ve really tried to change every part of our business to be more sustainable. So this is really a big part of our financial workings as a company, to change our loans and our working capital to be more linked to sustainability using more green tools and products.”

Mr Close of NatWest called it a “really good example of the concessionality that government can put on the table”, allowing greater risks to be taken at a better price in order to drive the transition.

“It’s a really great alignment of supporting a British business in the exporting community, mobilising finance through our balance sheet and using the power of government to make sure that money is provided as cost effectively as possible”.

Just as Wood is making progress, Mr Young of SLE said there are “a lot of similarities” in the discussions around land management and agriculture.

“Land management at the moment is under a huge amount of pressure. We’re having a lot asked of us in terms of that affordable nutrition, which is hugely important, having to reduce our own emissions, but we’re also being asked to sequester carbon through soils, woodlands and peatlands.

“We’re also providing wellbeing services for society, we’ve seen in the last year or so how important that is that people have access to rural areas.”

One issue that Mr Young was keen to ensure was that biodiversity was not lost amid the climate debate and the requirement to use Scottish land for carbon credits.

He added: “We’ve got to be really careful that we don’t judge success through a single lens of climate change or carbon emissions. We have to tackle all of these things at the same time.

“That’s something our members are acutely of is that all of these challenges are coming on, and they’re up for the challenge to do it but it’ not going to be easy and we’re not pretending that we’ve got all the answers.

“I see a change in mindset at the moment in the way that land management is done and I think that will continue into the future.”

Recommended for you

More from Energy Voice

Latest Posts