Opportunities for uk business that value and or protect nature s services
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OPPORTUNITIES FOR UK BUSINESS THAT VALUE AND/OR PROTECT NATURE’S SERVICES. Guy Duke, Principal Investigator. THE ECOSYSTEM MARKETS TASK FORCE. Natural Environment White Paper – commitment to establish business-led Ecosystem Markets Task Force

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Opportunities for uk business that value and or protect nature s services

OPPORTUNITIES FOR UK BUSINESS THAT VALUE AND/OR PROTECT NATURE’S SERVICES

Guy Duke, Principal Investigator


Opportunities for uk business that value and or protect nature s services

THE ECOSYSTEM MARKETS TASK FORCE

  • Natural Environment White Paper – commitment to establish business-led Ecosystem Markets Task Force

    • “to review the opportunities for UK business from expanding green goods, services, products, investment vehicles and markets which value and protect nature’s services.”

  • EMTF reports March 2013, via Green Economy Council, to

    • Secretary of State for Business, Innovation and Skills

    • SoS for Energy and Climate Change

    • SoS for Environment Food and Rural Affairs


Opportunities for uk business that value and or protect nature s services

THE ECOSYSTEM MARKETS TASK FORCE

  • CHAIR – Ian Cheshire, Group CEO, Kingfisher plc.

  • MEMBERS

    • Kim Buckland, Co-Founder, Liz Earle

    • Vivienne Cox, Chair, Climate Change Capital

    • Jack Frost, Director, Johnson Matthey Fuel Cells

    • David Hill, Chairman, Environment Bank

    • Russ Houlden, Chief Finance Officer, United Utilities

    • Mike Wright, Executive Director, Jaguar Land Rover

    • Martin Roberts, Programme Director, Cambridge Natural Capital Leaders Platform

    • Amanda Sourry, Chairman, Unilever UK and Ireland

    • Peter Young, Strategy Director, SKM Enviros and Chairman, Aldersgate Group


Opportunities for uk business that value and or protect nature s services

THE SCOPING STUDY - OBJECTIVES

  • Review the evidence available in the UK National Ecosystem Assessment

  • Establish the potential for business opportunities based on nature’s services

  • Identify actions to enable relevant markets

  • Identify priorities for further EMTF work

  • Start 15/3 - Discussion Paper 23/4 - Workshop 30/4 - Final Report 15/5


  • Opportunities for uk business that value and or protect nature s services

    THE STUDY TEAM


    Opportunities for uk business that value and or protect nature s services

    THE SCOPING STUDY - METHOD

    • Development of a conceptual framework

    • Application of CF for analysis of NEA

    • Innovative thinking in study team to identify business opportunities, related enabling actions, further work

    • Stakeholder consultation, based on Discussion Paper - workshop, peer review


    Opportunities for uk business that value and or protect nature s services

    NEA ANALYSIS

    • Drivers of change

    • State and trend of habitats

    • Status and trends in ecosystem services

    • Changes in ecosystem service values

    • Responses

      • Long-list of opportunities (Table 9)


    Opportunities for uk business that value and or protect nature s services

    TYPES OF BUSINESS OPPORTUNITY

    • Product markets

    • Offsetting

    • Payment for ecosystem services

    • Environmental technologies

    • Markets for cultural services

    • Financial and legal services

    • Ecosystems knowledge economy

    • Corporate ecosystem initiatives


    Opportunities for uk business that value and or protect nature s services

    CATALOGUE OF PROPOSALS (Annex 1)

    • 40 ideas – building on long-list

    • Several ideas per ‘type’

    • For each:

      • Brief description

      • Sector relevance

      • Potential size of market

      • Potential benefits for ecosystems

      • Enabling actions

      • Further research

  • Synergies between various opportunities


  • Opportunities for uk business that value and or protect nature s services

    ANALYSIS OF MARKET POTENTIAL

    • Ability to tackle risk faced by business

    • Potential demand

    • Scalability and transferability of good practice

    • Feasibility of overcoming any barriers

    • Strength of underpinning evidence

    • Potential role for SMEs

    • Short-term payback potential

    • Job creation potential

    • Long-term potential for competitive UK advantage


    Opportunities for uk business that value and or protect nature s services

    ‘MOST PROMISING’ OPPORTUNITIES

    • 12 ‘most promising’, as ranked by study team

    • For each, suggestions for further EMTF and other research

    • Balance between those that may be taken forward by business alone, and those requiring policy/regulatory action

    • NB: may be other promising ideas among the 28 other Annex 1 ideas, Table 9 long-list, workshop notes)


    Opportunities for uk business that value and or protect nature s services

    ‘MOST PROMISING’ OPPORTUNITIES


    Opportunities for uk business that value and or protect nature s services

    ‘MOST PROMISING’ OPPORTUNITIES


    Opportunities for uk business that value and or protect nature s services

    NEXT STEPS

    • EMTF to identify/agree ‘diamonds in the mud’

    • Possible criteria for selection:

      • Credible short-/medium-term market opportunity, payback potential

      • Potential contribution to jobs & growth

      • Potential contribution to UK competitive advantage

      • Potential benefit to nature

      • Multi-sector &/or multi-scale (SME/corporate) business opportunity

      • Limited barriers, more-or-less ready to go

      • Potential for EMTF to add value

      • Potential synergies between those to take forward

    • EMTF to commission further work on ‘diamonds’ with a view to developing robust EMTF recommendations, including relevant ‘buy-in’


    Opportunities for uk business that value and or protect nature s services

    RELEVANCE TO OTHER NEWP INITIATIVES

    • Local Nature Partnerships

    • Nature Improvement Areas

    • Natural Capital Committee

    • Planning reform

    • Reconnecting people and nature


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