What evidence is needed to appraise and evaluate interventions related to Natural Capital, Nature-Based Solutions and private nature finance?
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 baseline data and metrics (environmental and socioeconomic) are required to support success measurements and robust monitoring for nature markets and how should they be managed?
- What can we do to improve quantification, avoid double counting and build market confidence? What impact do currently existing voluntary codes generate for non-carbon natural capital?
- Develop a framework for identifying, monitoring, and valuing ecosystem services/ co-benefits of Nature-Based Solutions.
- Can we adequately quantify the costs and benefits of investing in nature-based solutions in order to meet decision making requirements - e.g. nature restoration, Natural Flood Management (NFM), water quality?
-What social and economic data needs to be collected to understand distribution of benefits, as well as any negative/unintended consequences of private nature finance, e.g. on local employment, community/ economies, land prices etc.? This will consider Just Transition principles for land use.
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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ADVANCES (ADVancing Analysis of Natural Capital in LandscapE DecisionS)
Natural Capital is a fundamental component of an economy's stock of resources upon which human health, well-being and wealth depend. Economic growth and development are conditioned by the economy's overall capital stock ...
Funded by: SPF
Lead research organisation: University of East Anglia
Why might this be relevant?
Addresses the need for developing better tools to assess changes in natural capital and ecosystem services.
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Science-based Markets for Nature Recovery
1. Our economy, livelihoods and well-being are dependent on biodiversity and associated ecosystem services. Yet, species are declining at the fastest rate recorded, driven by habitat loss, climate change, pollution, inva...
Funded by: NERC
Lead research organisation: Centre for Ecology & Hydrology
Why might this be relevant?
Focuses on developing science-based markets for nature recovery and addressing barriers to investment in nature-positive projects.
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Natural Environment Valuation Online (NEVO): Web-based tools for natural capital management and investment
While many businesses and public sector organisations understand that natural capital is an important direct and indirect source of socio-economic prosperity, quality of life, and well-being, they frequently lack the cap...
Funded by: NERC
Lead research organisation: UNIVERSITY OF EXETER
Why might this be relevant?
Develops web-based tools for natural capital management and investment, allowing users to quantify and value ecosystem services.