Iucnpa apr12 tewfinal
- 1. Opportunities for protected areas - offsetting Tom Tew Chief Executive The Environment Bank
- 2. 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
- 3. 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
- 4. Where to offset? Valuing residual impact Valuing previously Improving on S106 unvalued agreements
- 5. 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
- 6. 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
- 7. Protected area receptor sites • Sites that receive funding, from development gain, via conservation credits – n.b. Additionality! – More, bigger, better, joined (need management plans…..)
- 8. Making Connections Direct offsets where they contribute to: • ecological networks • strategic outcomes for priority habitats and species • based on local vision and opportunity
- 10. Protected area receptor sites • Conservation credits enable funding through voluntary corporate investment • Funding from other offsetting
- 11. Carbon offsetting • Voluntary corporate investment • Natural solutions for ‘zero carbon’ housing? • Need carbon metrics, trading systems • Stacking payments for ecosystem services
- 12. MARKET SIZE Estimates for emerging biodiversity and ecosystem service markets (derived from Ecosystem Marketplace) are presented in the table in the slide drawn from the TEEB report looking at potential global growth to 2020 and 2050 compared to present day. The TEEB report for business concludes that new markets for biodiversity and ecosystem services are emerging and if scaled up, these markets could represent major business opportunities and a significant part of the solution to the ecosystem and biodiversity finance challenge.
- 13. English Market Range of offset costs in England (Defra 2011) – assuming 10,000 ha land needed for development, with a risk multiplier, assuming land developed 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
- 14. Biodiversity offsetting www.environmentbank.com htttps://environmentbank.mmearth.com
Editor's Notes
- #13: Estimated $210 billion for certified agricultural products in 2020These are impressive numbers, so how do we make these opportunities more attractive to more businesses?