Changing the behaviours of people, businesses and governments
Biodiversity offsets // Habitat banking // Payments for ecosystem services //Natural capital finance
Through this service, we can help our clients answer questions like the following:
- How much ‘public money for public goods’ is enough?
- How to allocate and spend ‘public money for public goods’?
- How can public benefits be turned into financial revenue to encourage private funding?
Natural capital solutions deliver a wide range of economic, social and environment values. In doing so, they promote partnership working and cost efficiencies, often making them preferable to a traditional infrastructure option. We help clients understand where natural capital can offer a more sustainable and efficient solution to deliver their objectives.
We also explore how the value of wider economic, social and environmental impacts on society can be ‘captured’ by turning these into actual money. This can be done:
- For costs, through policy instruments that make the polluters pay for the environmental damage they cause, such as full cost pricing, green taxes, tradeable permits and voluntary agreements.
- For benefits, through the creation of new markets that capture this positive value such as payments for ecosystem services, biodiversity offsets and habitat banking.
Some of our clients for this service include:
Department for Environment, Food & Rural Affairs (Defra), Welsh Government, European Commission, Environment Bank, The Crown Estate, Organisation for Economic Co-operation and Development (OECD), The Coal Authority (UK) and World Wide Fund for Nature (WWF)
Contact person: Ian Dickie