The first £billion is the hardest: Scotland’s challenge for natural capital
A new report by the Green Finance Institute has revealed that between £15 and £27 billion of investment is needed to deliver the Scotland’s nature-related ambitions over the next 10 years. The investment is needed to secure key nature-related outcomes such as biodiversity protection and restoration. Much of this money will have to come from new private sources, paid for by businesses that depend upon and have impacts on nature.
Hannah has produced a podcast which finds out about 3 exciting projects in Scotland that are securing investment for nature-based solutions. Hannah learns how individuals, communities and the public and private sector are coming together to attract the first (and hardest?) billion pounds Scotland needs for lots of nature-based projects to start-up. We find out how Scotland can rebuild its natural capital via projects like Riverwoods, Landscape Enterprise Networks and focusing on Vacant & Derelict Land so that future generations have a better world to live and work in. A low carbon, nature rich future can revitalise our economy and take advantage of the exceptional natural capital we have in Scotland and the rest of the UK.
Listen to the podcast below or search for “Thriving Natural Capital” in your favourite podcast app.
You can also find out about more Scottish natural capital projects and how they can be invested in by signing up to the Finance for Nature programme hosted by the Scottish Forum on Natural Capital and the Global Ethical Finance Initiative at COP26 – it will be livestreamed online on 4th & 5th November, so that you can join in no matter where you are.
Thanks for the interviews’ support from Ruchir Shah and Rory Sanderson of Scottish Wildlife Trust. Also to Helen Avery of the Green Finance Institute and to John Uttley of NatureScot for their support on the shape of the script for the production. The audio producer was Robin Leeburn of Fairly Media, and we used a short sample of Scottish natural sounds from Inchadney, via Freesound.org.
NatureScot and SRUC, along with the Scottish Environmental Protection Agency, Scottish Wildlife Trust and Scottish Forestry, co-lead the Scottish Conservation Finance Pioneers network. The network is enabling and energising action from the bottom up as well as making the case for policy change from the top-down. We want to develop new mechanisms that can deliver returns for investors, whether they are private businesses, public agencies and communities.