What regulation and frameworks (including voluntary codes and approaches) are needed to promote high-integrity, sustainable private nature finance and investment in Scotland?
Background
Question Group: Focused on safeguarding and enhancing Scotland’s natural resources, its air, soils, land, water, plants and wildlife, by addressing the drivers of nature loss and environmental degradation. Emphasises restoration of degraded ecosystems, sustainable use of wild species, minimising of pollution, improving the management of invasive non-native species. Targets sustainable use of resources to support thriving communities, nature, and the economy in a changing climate.
Sub-questions: -What is the role of compliance markets and regulation in nature finance in Scotland vs incentives in the current voluntary market? Understanding of natural capital accounting procedures, risk and disclosure and governance for compliance and voluntary nature markets.
- What (if anything) can be learnt from corporate voluntary disclosures and what action (if any) they are taking as a result?
- What are the barriers to high integrity and supply/ demand for Scotland's nature markets?
- Which frameworks account for the risks to policy and businesses due to climate change and biodiversity changes?
Next steps
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Source
This question was published as part of the set of ARIs in this document:
Environment natural resources agriculture research strategy 2027 2032
Research fields
Related UKRI funded projects
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Integrating Finance and Biodiversity for a Nature Positive Future
Our Vision is to build national capability bridging scientific, finance, policy and third sector communities, harnessing and catalysing world-leading science to enable the greening of finance for nature and mobilisation ...
Funded by: NERC
Lead research organisation: Centre for Ecology & Hydrology
Why might this be relevant?
The project focuses on integrating finance and biodiversity for a nature positive future, aligning with the need for regulation and frameworks to promote high-integrity, sustainable private nature finance in Scotland.
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Mediating the first transaction of Biodiversity Impact Credits
Biodiversity Stewardship Credits (BSCs) offer a solution for private sector organisations that must account for biodiversity risk (e.g., per Taskforce on Nature-related Financial Disclosures, European Central Bank Pruden...
Funded by: NERC
Lead research organisation: Queen Mary University of London
Why might this be relevant?
The project mediates the first transaction of Biodiversity Impact Credits, which partially addresses the need for regulation and frameworks in promoting sustainable private nature finance in Scotland.
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BIOFIN - Protecting and Restoring Biodiversity using mainstream Finance
If biodiversity is to be placed back on a path to recovery, new tools and knowledge are required to redirect financial resources from destructive economic activity towards nature-positive investment. The financial system...
Funded by: Horizon Europe Guarantee
Lead research organisation: QUEEN'S UNIVERSITY OF BELFAST
Why might this be relevant?
The project aims to protect and restore biodiversity using mainstream finance, which partially addresses the need for frameworks to promote sustainable private nature finance in Scotland.