Exploring ecosystem markets for the delivery of public goods in the UK

Abstract

Environmental restoration and conservation challenges go beyond what can be financed publicly. There are significant opportunities for private investment in the delivery of public goods, benefitting both commercial organisations whose business relies on ecosystem services, as well as landowners, land managers and the general public. Thus, public-private financing of natural capital improvement presents an opportunity to increase the availability of funding for payments for ecosystem services that provide environmental and societal benefits. Though public-private partnerships for the financing of ecosystem services is in its infancy in the UK. This new report explores the voluntary ecosystem services market in the UK. This is achieved by developing an understanding of how key actors (schemes, stakeholder engagement initiatives, trading platforms and supporting modelling tools) operate, and by identifying possible synergies, examples of good practice and challenges to implementation. Topics covered include, understanding how the identified actors account for the social distribution of ecosystem services, how values are attributed to ecosystem services, and the legal obligations linked to ventures’ operation.