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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. 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

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  1. OPPORTUNITIES FOR UK BUSINESS THAT VALUE AND/OR PROTECT NATURE’S SERVICES Guy Duke, Principal Investigator

  2. 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

  3. 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

  4. 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

  5. THE STUDY TEAM

  6. 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

  7. 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)

  8. 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

  9. 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

  10. 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

  11. ‘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)

  12. ‘MOST PROMISING’ OPPORTUNITIES

  13. ‘MOST PROMISING’ OPPORTUNITIES

  14. 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’

  15. RELEVANCE TO OTHER NEWP INITIATIVES • Local Nature Partnerships • Nature Improvement Areas • Natural Capital Committee • Planning reform • Reconnecting people and nature

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