Private finance could fill the funding gap for nature restoration


A major nature recovery report has set out ambitious plans to increase private investment in the UK’s emerging environmental markets, to close an estimated £5.6bn-a-year funding gap for major country’s nature goals.

The report – developed with input from more than 300 experts from government, business, finance, environment and land management – ​​indicates that there are significant barriers to private investment in nature in the UK.

See also: 50 nature projects get funds to develop investment potential

Analysis last year by one of the organizations involved in the report, the Green Finance Institute, found that between £44bn and £97bn of investment on top of current public sector funding is needed for the UK to achieve nature-related results over the next 10 years, with a central estimate of £56 billion.

Private potential

Unlocking the potential for private investment in nature restoration – such as peatland restoration and forestland creation – will require regulatory reform, better use of data to measure success, and more efficient markets for the trade in environmental services, the report says.

The Country Land and Business Association is among the organizations supporting the report’s recommendations.

CLA Chief Executive Sarah Hendry said: “There is great potential for high integrity environmental markets to unlock private finance for nature recovery across the UK.

“We are confident that implementing this roadmap and these recommendations will provide the right incentives for farmers and other landowners to integrate nature recovery into agriculture and other land uses and will provide continued benefits to communities across the country.”

natural incentive

Led by the Broadway Initiative, Finance Earth and the Green Finance Institute, the report was informed by the views and contributions of over 50 organisations, in addition to UK and devolved governments.

David Young, Principal Investigator at the Broadway Initiative, said: “We need to put nature’s recovery on a sustainable financial footing.

“Well-designed and regulated markets can incentivize farmers and landowners to incorporate nature into agriculture and other land uses.”

Source link


Comments are closed.