Estimated $210 billion for certified agricultural products in 2020These are impressive numbers, so how do we make these opportunities more attractive to more businesses?
Iucnpa apr12 tewfinal
Opportunities for protected areas - offsetting Tom Tew Chief Executive The Environment Bank
Conservation spend• Total biodiversity protection estimate = $290-385bn pa – Actual spend = $36-38bn pa• Natura 2000 network – management costs €5.8bn pa – Total EU actual spend 2007-13 = €1.3bn pa• Biodiversity shortfall in England – c. £130m (EBS); Lawtonian estimate of up to £1bn for English site series• Sustainable Responsible Investment assets = c.€5 trillion Modified from Eftec (2011) report to EU
Biodiversity offsetting – what is it?• Compensating for environmental impact in one place by paying for environmental gain in another• Aim – net biodiversity gain enabled through sustainable development• Measurable – accountable, transparent, consistent• Follows mitigation hierarchy – offset only for residual impact
Where to offset? Valuing residual impact Valuingpreviously Improving on S106unvalued agreements
How does it work?• Through the buying and selling of conservation credits• LPA offers, and developer chooses, offsetting as option for planning consent – developer seeks to buy ‘conservation credits’ to offset residual impact• National registry of receptor sites to sell ‘conservation credits’ - price set by provider• Environment Bank brokers deal - effects legal agreements both to purchase with developer, and to manage with receptor site land manager• Money transferred to receptor site land manager against conservation outcomes• Monitoring and reporting systems
What’s needed?• Market for conservation credits – buyers and sellers• Willing LPAs & developers• Network of receptor sites to deliver credits• Metrics for assessing credit requirements of developments & credit-worthiness of receptor sites• Registry of conservation credits – to record creation and use• Monitoring and reporting systems
Protected area receptor sites• Sites that receive funding, from development gain, via conservation credits – n.b. Additionality! – More, bigger, better, joined(need management plans…..)
MakingConnectionsDirect offsets where they contribute to: • ecological networks • strategic outcomes for priority habitats and species • based on local vision and opportunity
Protected area receptor sites• Conservation credits enable funding through voluntary corporate investment• Funding from other offsetting
Carbon offsetting• Voluntary corporate investment• Natural solutions for ‘zero carbon’ housing?• Need carbon metrics, trading systems• Stacking payments for ecosystem services
MARKET SIZEEstimates for emerging biodiversityand ecosystem service markets(derived from EcosystemMarketplace) are presented in thetable in the slide drawn from theTEEB report looking at potentialglobal growth to 2020 and 2050compared to present day.The TEEB report for businessconcludes that new markets forbiodiversity and ecosystem servicesare emerging and if scaled up, thesemarkets could represent majorbusiness opportunities and asignificant part of the solution to theecosystem and biodiversity financechallenge.
English MarketRange of offset costs in England (Defra 2011) – assuming 10,000 haland needed for development, with a risk multiplier, assuming landdeveloped is in moderate condition, etc…. Including coastal Excluding coastal habitat habitat Management £140m - £230m £75m - £125m agreement only Land purchase £400m - £470m £210m - £240m and management