The English government (environmental policy is largely devolved) has ambitious plans for nature recovery, but its proposed strategy positions the government as a relatively passive player whose job is to create compliance markets and de-risk private investments in nature to ensure they deliver appealing returns. However, there are whole host of risks and negative unintended ecological and social consequences that could arise (Chausson et al. 2023).

There is a strong case for states to take a more proactive, mission-driven approach to guiding nature recovery (Mazzucato 2021; Kedward et al. 2022).

This LCNR-funded award allowed the PIs to hold a workshop with senior figures from government, eNGOs, finance and academic to explore the public policy programme that would underpin a mission-driven approach to driving nature recovery.

PIs on this project:

Project outputs

Read the Preprint here: Mission-Oriented Public Policy for Nature Recovery  

A report arising from this workshop has been commissioned by The Woodland Trust, you can read it here. (Live on December 3rd)

Christoph Warrack of Woodland Savers

Project outputs

    Leading from the front. The Role of the Public Sector in Delivering Nature Recovery

    This report sets out an expert opinion on how Government should approach the issues of funding and financing nature recovery in England.

    The research takes as its starting point the essential importance of nature recovery and the headwinds so far experienced in achieving it. Taking account of the growing expectation that new nature markets will play a leading role in financing nature recovery, it then looks in detail at the risks and opportunities market mechanisms present and the steps the UK Government will need to take to oversee and regulate their use. Subsequent sections consider the essential and ongoing role of the public sector in supporting nature recovery and its under utilised potential to drive change.

    Commissioned by the Woodland Trust, the research is intended to draw out key issues for policy makers and to stimulate thinking and debate.

    Read the report here

    Report
    LCNR associated
    • Integration

    Sophus zu Ermgassen, Katie Kedward, Andrew Allen, Alexandre Chausson, Michael Clark, Natalie Duffus, Georgina Holmes-Skelton, Mariana Mazzucato, Katherine Simpson, Puninda Thind, and Erik Gomez-Baggethun (2024). Mission-Oriented Public Policy for Nature Recovery. Ecological Economics.

    This paper outlines the findings of an expert workshop exploring how policies for delivering nature recovery relate to the policy toolkit applied in mission-oriented strategy, and demonstrate how missions-thinking can be applied to nature recovery in England.

     

    Publications
    LCNR supported