Shaping a new generation of nature markets that delivers nature positive and equitable outcomes
Nature and its contributions have historically been mis-valued, and its economic benefits inequitably distributed. Our current model sees the economy outside of nature and treats it as an afterthought.
The increasing value attributed to nature could make a major positive difference, but unchecked monetarisation of nature could result in another round of nature-destructive and inequitable outcomes.
The future of the global economy and livelihoods depends on a living and thriving nature. By placing nature and equity at the heart of nature markets, we can reset the relationship between us, our global economy, and nature.
Three key types of nature markets, highlighting their breadth and diversity.
The Taskforce on Nature Markets has been established with the objective of shaping a new generation of nature markets that delivers nature positive and equitable outcomes. Our ‘Call to Action’ is to establish an ambitious, practical framework for building principles-based nature markets.
The Taskforce on Nature Markets leadership brings together a unique combination of perspectives and capabilities in addressing its mission. Drawn from policy, legal and governance, finance, technology, civil society and indigenous communities, the Taskforce has the ability to engage and connect these active, aligned communities.
Meet the membersThe Taskforce on Nature Markets work serves two principles: a nature positive outcome and supporting shared and sustainable prosperity for the stewards of nature including local and indigenous communities. In addition, we are committed to transparency, accountability, inclusion and impact. The process will aim to deliver policy and market interventions with solid governance for both public and private actors. We believe in empowered citizens and communities, and markets that can place nature and equity at the core of our economic activity.
The goal of the Taskforce on Nature Markets is to design solutions and generate nature positive and socially equitable impact. Unchecked monetarisation of nature could lead to ecosystem destruction and inequality. To avoid nature markets being responsible for yet another historic round of inequitable outcomes, we need to ensure the nature market design and implementation is properly regulated, in full compliance with legal frameworks, and in full consultation with all stakeholders including the ultimate stewards of nature - local communities and indigenous populations.
The task force aims to engage with society at large. However, we have specific audiences that are key to implementations of our work plan. That is Governments, Civil Society organisations (climate, nature, social), Private Sector, academia, international financial institutions (IMF, World Bank, Development Banks), regulatory bodies (BIS, ECB, and others). We also seek strong collaboration with existing impactful initiatives such as TNFD, TCFD, TVCI.
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