The webinar stimulated discussion and interrogation of new evidence on the barriers to and opportunities for ecosystem markets to contribute to a green recovery. Two new policy briefs were produced for the webinar and informed the discussion:
This online event was chaired by Colin Mackie, Head of Strategy in the Green Finance Team at Defra, and speakers included:
- Professor Mark Reed, Professor of Socio-Technical Innovation, School of Natural and Environmental Sciences, Newcastle University
- Professor Peter Howley, Professor of Economics and Behavioural Science, Leeds University Business School, University of Leeds
- Professor Guy Ziv, Professor in Socio-Environmental Systems, School of Geography, University of Leeds
- Dr Helen Kendall, Research Associate, School of Natural and Environmental Sciences, Newcastle University
The speakers considered these demand side questions:
- What factors hinder farmer engagement in ecosystem markets?
- How best can we encourage farmer engagement in any new policy initiatives aimed at the delivery of ecosystem services?
- How can we design regional and national ecosystem markets that could stimulate enough investment to meet the anticipated post-2024 drop in agri-environment funding?
- How can we design public schemes to leverage private investment without crowding out or compromising the additionality of private schemes?
- What are the barriers to and opportunities for developing a UK Farm Soil Carbon Code to stimulate further investment in regenerative agriculture?
From the supply side perspective, the speakers explored these questions:
- How can we enable a more outcome-based approach to the delivery of public goods from public money (rather than just tweaking the current input-based system)?
- What can we learn from early experiences of landowners who have engaged with private schemes, and how could we incentivise more engagement to supply enough projects to satisfy growing demand for ecosystem services?
- How can we cost-effectively monitor, verify and report ecosystem services in new privately funded ecosystem markets?
Didn’t catch the webinar? Watch the recording…