Consultation process on draft Nature-Based Economy White Paper

How can we triple public and private sector investment in NBS by 2030 fuelling sustainable jobs and enterprises in the nature-based economy?

Have your say and help shape the EC Expert Publication on the Nature-Based Economy.  How? It’s simple. Provide your feedback below on 5 multiple choice questions. 

Consultation closes on 30 September and your input is vital as we seek to secure the right conditions for NBS project investment to happen.

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Tell us what you think...

Please answer the questions most relevant to you. There is no requirement to respond to every question.

You may select multiple questions.

Please order from most important (1) to least important (5)
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Substantive increase in public sector investment in NBS
Measures to incentivise private sector investment in NBS
Capacity building measures to increase quality standards and skills related to NBS delivery
Financial and other direct support measures to support early start-up and growth of NBEs
Measures to stimulate market development e.g. networking - connecting buyers and suppliers
Please share any additional comments or recommendations:
LowMediumHigh
Ecosystem creation, restoration and management
NBS for green buildings
NBS for public and urban spaces e.g. parks and green places
Blue NBS for water management and treatment e.g. SUDs
Sustainable agriculture & food production
Sustainable forestry and biomaterials
Sustainable tourism and health & wellbeing
Professional services e.g. landscape architecture
Education, research & community engagement activities
Financial services e.g. carbon offsetting, natural capital accounting
Smart technology, monitoring and assessment of NBS
Please share any additional comments or recommendations:
LowMediumHigh
Measures to increase awareness about the benefits of NBS among the public/private sector and consumers
Mandatory valuation and reporting on use of natural resources in the public and private sector
Economic and regulatory measures to incentivise private sector investment in NBS
Substantive increase in public investment in NBS
Increased availability of good quality data on the performance of NBS to support investment
Increased emphasis on private investment criteria e.g. bigger projects, better ROI models etc
Please share any additional comments or recommendations:
LowMediumHigh
Measures to increase private sector supply of NBS e.g. financial and other direct support measures to support early start-up and growth of nature-based enterprises
Capacity building measures to increase knowledge and skills related to NBS delivery (in public and private sector)
Introduction of quality standards related to NBS
Addressing public procurement challenges to NBS
Measures to stimulate market development e.g. networking - connecting buyers and suppliers
Please share any additional comments or recommendations:
Please order from most important (1) to least important (5)
Substantive increase in public sector investment in NBSMeasures to incentivise private sector investment in NBSCapacity building measures to increase quality standards and skills related to NBS deliveryFinancial and other direct support measures to support early start-up and growth of NBEsMeasures to stimulate market development e.g. networking - connecting buyers and suppliers
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What is the potential for the Nature-Based Economy in your country?
How would you like to provide additional feedback?
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Implement concrete measures to incorporate the valuation of nature in both public and private practices. For example, encourage a shift or expansion of the focus from global reporting of GDP from 'single' capital (financial) to multiple capitals (financial, social, natural).
Accelerate the activities of international networks, working groups and task-forces towards increasing and incentivising positive financial flows towards investment in nature.
Launch an open consultation on the positioning of “Nature-based Economy” concepts and related terminology such as “nature-based enterprises” in relation to other terms such as “circular bioeconomy”, “bioeconomy”, “nature-positive production”, etc.
Develop a comprehensive international framework for labelling, tracking, reporting and verifying the state of the Nature-based Economy.
Create an international multi-stakeholder database to increase data availability and improve decision-making related to the Nature-based Economy at a global level.
Please share any additional comments or recommendations:
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Sustain measures to keep mainstreaming of NBS to the forefront of international and national governance, climate action and climate policy-related instruments.
Include more specific recommendations in global policies to facilitate investments in nature-based solutions in real terms. In the immediate short term, the public sector should be encouraged and supported to sustain and increase investment in NBS.
Agree a formalised strategic plan at the global level to introduce a cross-cutting modality of investment for nature-based solutions effectively creating an asset class for NBS.
Include specific and extensive financing for NBS in post-COVID economic recovery packages in all major economies.
Accompany increased investment in NBS with capacity building measures to stimulate the private sector supply of NBS leading to more innovation, job and enterprise creation.
Please share any additional comments or recommendations:
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Improve policy alignment relating to NBS in Circular Economy and Bioeconomy strategies; increase policy collaboration with Regional policy and Enterprise policy.
Invest in EU wide research/market studies on the positioning and potential synergies between Nature-based Economy principles and other strategies and action plans identified to achieve the aspirations of the Green Deal including the EU Sustainable Finance Taxonomy.
Stimulate the development of NBS market sectors through measures taking into account NBS market characteristics (varying levels of market maturity) and challenges faced at market level (need for networking due to market fragmentation and early stage of development).
Embed multiple actors in decision-making processes on NBS at EU level.
Increase actions aimed at much higher levels of take-up of corporate and SME valuation of nature.
Please share any additional comments or recommendations:
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Triple EU investment in NBS by 2030 and quadruple by 2050 as per the recommendations of the UN Report on the State of Finance for Nature (2021). Engage InvestEU, the EIB and the EIF in providing this financing. Align investment with tackling remaining roadblocks to NBS such as the need for transformative change at local government level.
Increase funding for knowledge exchange and collaboration between regions of Europe and the rest of the world, in particular the Global South.
Stimulate private sector supply of NBS through support for capacity building of nature-based enterprises (NBEs) and investment in NBS and NBEs in line with the EU Sustainable Finance Taxonomy.
Lead on the development of more comprehensive standards for different types of NBS to support market development. Standards will provide reassurances for buyers and verification of quality levels to help support and differentiate the offerings of suppliers.
Support EU and national platforms, networks and face-to-face NBS market events to connect nature-based enterprises with other actors across the supply chain. Support the organisation of match-making events between businesses and financiers focusing specifically on pro-biodiversity businesses or NBEs.
Please share any additional comments or recommendations:
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Put in place measures to increase public sector adoption of approaches to capture, account and track the monetary and non-monetary value of nature and nature-based solutions.
Put in place measures to increase the understanding and valuation of nature in the private and third sector and to incentivise private sector investment in nature.
Implement capacity building measures to ensure that increased public investment in NBS leads to an increase in innovation and job creation in NBEs.
Embed participatory decision making processes in policy making in particular focused on increased engagement between local government and local business in the Nature-based Economy.
Deliver support and capacity building measures for local community and third party organisations to take on an increased role in co-governance of NBS.
Please share any additional comments or recommendations:
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Build a portfolio of NBS projects rated in terms of attractiveness for public and private sector investment.
Triple local government-led investment in NBS by 2030 and quadruple investment by 2050. Investment from the public sector should be prioritised in NBS where private sector investment is not attractive as the primary source of funding.
Increase public sector investment for pilots of novel approaches to NBS.
Stimulate private sector interest in investing in NBS through specific policy/regulation instruments e.g. ‘nature-credit’ scheme broadly based on carbon credit scheme.
Actions to increase investor understanding of NBS cost structure and business models.
Increase awareness and engagement of local businesses with communities and other actors in decision making processes around NBS.
Increase local business awareness of the direct benefits of NBS such as green building infrastructure leading to increased investment.
Introduce measures to increase the level of consumer awareness of the benefits of NBS.
Put in place measures to facilitate community financing of NBS.
Stimulate private demand through partnerships / platforms / infrastructure.
Please share any additional comments or recommendations:
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Address barriers in specific NBS market sectors e.g. regulations hindering delivery.
Put in place financial incentives for nature-based enterprises to be started and scaled.
Contribute to the development of standards for NBS implementation at local/national level. Ensure NBEs are adequately represented in the development of standards.
Support platforms, networks and face-to-face industry events connecting nature-based enterprises with other actors across the supply chain.
Collaborate with relevant organisations to develop training and continuous professional development measures to increase the quality of NBS implementation.
Please share any additional comments or recommendations:
Which of the following recommendations would you consider most important for global policy makers? (Leave blank if you are unsure)
Not at all importantSomewhat importantImportantExtremely important
Build the capacity of the public sector to take advantage of NBS opportunities through infrastructure, agencies and educational institutions.
Review and deliver the systemic changes needed to current procurement processes to better align with NBS non-monetary values and cost structures.
Change procurement processes to better accommodate smaller enterprises.
Increase awareness and recognition of the role of nature-based enterprises (NBE) in the NBS supply chain. Tailor procurement strategies to enable the development of new types of suppliers.
Incorporate Natural Capital assessment considerations into public procurement policies.
Please share any additional comments or recommendations:
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