On the day that the Environment Bill returns to Parliament, leaders from the business, finance and environment sectors are meeting with the Environment Secretary to establish a shared commitment to unlock barriers to private investment needed to help reverse the decline of biodiversity and meet the UK’s nature-based targets.
The meeting builds on the work of the Financing UK Nature Coalition - established last November by the Broadway Initiative, Finance Earth and Green Finance Institute in collaboration with cross-sector stakeholders - to identify barriers to private investment in a UK nature recovery.
Over the next six months, the Coalition will continue its work and outreach to develop solutions to those barriers, such as the standards and market mechanisms needed to attract largescale private investment to: protect existing habitats; restore degraded ecosystems; and enhance environmental services from nature.
The work of the Coalition will culminate in an implementation plan with key recommendations to establish the UK as a leader in creating and operating markets for nature. The report is expected to be published in autumn 2021.
While the pioneers of environmental markets are forging ahead, the majority need more certainty about the rules. We welcome the chance to work with the government to find solutions that will provide a sustainable market place for environmental delivery
The Financing UK Nature Coalition formed last November with the ambition of bringing together experts from across business, finance and the environment to identify barriers and solutions to mobilising private capital into UK nature publishing a report on the barriers and solutions for unlocking private investment in UK nature. A copy of the paper can be found here.