Nature Markets Dialogue Steering Group Revealed

Broadway Initiative • 20 May 2024

Announcing the members of the Nature Markets Dialogue Strategic Steering Group.

The Nature Markets Dialogue is Broadway's new initiative to build a consensus around the detailed steps needed to scale up high-integrity nature markets. The Steering Group brings together experts from the business, finance, NGO and policy communities and we are delighted to be working with such a distinguished group of colleagues on such an important issue.

The Dialogue will work with stakeholders and experts on three critical issues, each central to the success of these markets: the governance and market oversight arrangements needed; the scaling up of demand in these markets; and creating a cross-party consensus on the way forward to ensure policy continuity.

These priorities reflect the conclusions (pp32-33) of Broadway’s report State of UK Nature Markets 2023. Each priority will be explored in a specific workstream of the Dialogue with the Steering Group maintaining an overview of the project as a whole.

Steering Group Members:

Peter Young (Chair), Broadway Initiative
Helen Avery, Green Finance Institute
Richard Benwell, Wildlife & Countryside Link
Bal Dhoot, Food & Drink Federation
Rosie Hails, ,National Trust
Judicaelle Hammond, Country Land & Business Association
Rohit Kaushish, National Farmers' Union
Emily Norton, Environmental Markets Board
Mark Reed, Scotland's Rural College
George Sethia, The British Standards Institution
Rachel Solomon Williams, Aldersgate Group
James Stevens, Home Builders Federation
Dan Walker-Nolan, Water UK
David Young, Broadway Initiative
Liam McAleese (observer), Esmée Fairbairn Foundation

Liam Stokes, Director of Nature at Broadway Initiative, will act as Secretary to the Steering Group.

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Consultation on a governance framework for high-integrity nature markets

by Broadway Initiative • 23 December 2024

At a time of significant change in UK environmental policy making, the Broadway Initiative's ' Nature Markets Dialogue ' (NMD) is seeking your views on how investment in nature is governed. Your responses will help shape our approach to Government, as we plan to propose a governance framework for high integrity nature markets. To that end, you are invited to share feedback on the latest consultation paper: Towards a governance framework for high integrity nature markets. The consultation paper has been informed by the feedback, roundtables and online workshops that NMD participants have supported over the past 12 months. A key message from the Dialogue to date is that well-designed and governed nature markets are first and foremost about providing an efficient mechanism for the delivery of verified improvements to the natural environment. Nature markets can deliver improvements to meet voluntary or regulated obligations, provide insets for supply chains and offsetting for development, and efficiently deliver government investment in nature. This is a vital moment for environmental policy development: the Environmental Improvement Plan is under review and revision; the Cunliffe Commission and the Planning Reform Working Paper on Development and Nature Recovery are seeking evidence; and we expect the Government will soon consult on the governance of Voluntary Carbon and Nature Markets. We have a unique opportunity to highlight the need for a robust UK governance mechanism that ensures UK nature markets are high integrity and make a significant contribution to nature’s recovery. We have created an online portal to obtain your feedback and views here, where we have 15 specific questions on which we would value your thoughts . In addition, we will be hosting a series of workshops in the coming weeks to progress the Dialogue around the issues raised in the paper. The process will culminate in a roundtable to present the results and recommendations to Ministers.

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