The CLA today (Thursday, 5 September) welcomed a Defra consultation paper on biodiversity offsetting as "good news for the environment and for the rural economy".
The Association was responding to the publication of a consultation paper by Environment Secretary Owen Paterson on how environmental damage caused by development could be offset by environmental improvements in other areas.
CLA President Harry Cotterell said: "We are very glad Mr Paterson has today published this paper and we agree with his view that there is no reason why wildlife and development cannot flourish side by side.
"There are currently huge limitations on public funding for biodiversity and so the creation of environmental markets to fund this work is an excellent idea. It would be good news for the environment and for the rural economy."
The CLA President added: "We have been interested in the idea of environmental markets for a long time because we can see that they have huge potential