New Report - Towards a Governance Framework for UK Nature Markets: Key Findings and Proposal
The Nature Markets Dialogue (NMD), a Broadway Initiative project bringing together 169 specialists from 147 businesses, government bodies, and third-sector organisations, today publishes its “Findings and Proposal” report.
The report was presented to Nature Minister Mary Creagh at a roundtable last week and will now form the basis of the NMD's contribution to the Voluntary Carbon and Nature Markets Consultation.
However, NMD participants are clear: these governance principles are not limited to voluntary markets and are certainly not limited to offsets. NMD chair Peter Young has commented: "Business will not participate in nature credit markets that lack proper regulation and governance. If we are to achieve the Government’s £1 billion-per-year stretch target for private investment in nature by 2030, we must urgently establish a legally binding, high-integrity framework that covers both credit and inset markets. Experience around the world tells us that anything less will continue to fail."
The report Towards a Governance Framework for UK Nature Markets: Key Findings and Proposal is a report of the Dialogue.
Read Broadway Initiative's press release: The last chance to establish effective nature markets governance?
