UKNEE envecon 2024: submit your work - Click here for details & submission guidelines to present at next year's conference.
Next Webinar: Valuing Coastal Walking Along the England Coast Path: Click here to register.
Value Commission Launches Public Consultation - Provide your feedback by 20th October 2023
Value factors are highly important in our work in environmental economics. Developed through assessments and studies, they can reveal impacts, dependencies, and trade-offs between different forms of capital. "$1 invested in coastal wetlands provides $5 of protection in coastal infrastructure" is an example of a value factor which illustrates their potential to be used to drive investment in nature.
However, there is currently little transparency or accountability in how value factors are developed across organisations and jurisdictions, making global collaboration challenging.
The Value Commission, operated by Capitals Coalition, are seeking to establish this transparency and accountability across the use of value factors by organisations. Made up of over 30 experts around the world, they are currently co-designing a set of clear and transparent global criteria spanning the creation and use of value factors and will consolidate existing efforts into an open-access Value database.
The Value Commission is now seeking public comment on the global Transparency Criteria. To provide your comments by 20th October 2023, click this link.
For more information about the Value Commission, click here.
Nature Finance UK Conference 2023 - Join the Ecosystems Knowledge Network conference on 26th September
Our friends and colleagues at Ecosystem Knowledge Network are hosting the Nature Finance Conference on September 26th at Guildhall, City of London.
Building on the 2022 Natural Capital Finance & Investment Conference, this year’s conference will explore supply and demand in the UK’s growing market for nature-based solutions. The conference will focus on how to increase corporate demand for a healthy environment, carbon and biodiversity credits, UK nature finance opportunities in the rural economy and marine environments, and more.
Speakers will include the Rt Hon The Lord Mayor Nicholas Lyons and delegations from Triodos Bank, PwC, Knight Frank, National Parks Partnerships, and the UK Infrastructure Bank.
News & Resources that Caught Our Eye
Below are some developments and resources that caught our eye over July:
Chatham House: climate change could cause economic mega-shock (link)
This expert comment provides a concise explanation of how a rapid global financial response, characterised by drastic policy measures, withdrawal of insurance, and rapid market collapse, has become "a realistic possibility at any time over the next five years". This argument may be helpful for those of you working in Green Finance.
Aldersgate Group Net Zero Policy Tracker (link)
Updated this summer, this could prove a useful resource in identifying important research and action areas for UK policy.
Defra releases Third National Adaptation Plan (link)
Defra has outlined its five year plant to boost climate resilience through adaptation. CarbonBrief has the breakdown.
House of Lords: Unlikely UK will meet 2030 nature targets (link)
Plus, The Guardian reports that we are behind on our 2025 tree planting targets.
AMOC may collapse sooner than was previously understood (link)
This is a rather grim read, although the conclusions are contested. TheConversation have an explainer.
Biodiversity net gain has been given more funding (link)
All new developments must deliver a 10% benefit for nature.
July was likely the hottest month on record (link)