- Sherry M. and Kassian J., Harnessing England’s Biodiversity Net Gain legislation to amplify urban flood risk management.
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Briefings
Explore briefings from the NATURANCE consortium on nature and biodiversity challenges and solutions
Sherry M. and Kassian J. – 2024
Harnessing England's Biodiversity Net Gain legislation to amplify urban flood risk management
The introduction of England’s Biodiversity Net Gain legislation in February 2024 offers a timely opportunity to strengthen flood risk management (FRM), especially in urban areas. To achieve this, barriers to implementation in cities must be addressed. The legislation could improve efficiency, encourage adoption, and deliver wider co-benefits. Given limited resources for grey and green infrastructure, BNG funding should be considered as a way to support FRM plans and promote nature-based solutions. Policymakers, planning authorities, and insurers should seize this opportunity to embed resilience into urban development.
Taaffe S., Martin C., Barker R. – 2024
Scaling finance for nature: Barrier breakdown
This report aims to clarify that achieving the biodiversity financing goals set out in the Global Biodiversity Framework requires a dual approach. Currently, private capital contributes US$5 trillion in finance flows linked to negative impacts on nature, while US$10.1 trillion in economic opportunities could arise from the transition to a nature-positive economy. By simultaneously halting and reversing nature’s loss, private finance can play a transformative role in reducing nature-related risks and accelerating this transition.
Deltenre L., Seega N. – 2023
Primer on the financial materiality of Nature-based Solutions
Building on CISL’s work on nature-related financial risks, ClimateWise has developed this primer on nature-based solutions (NbS), as half of re/insurers surveyed consider these risks material for underwriting, although most are not yet assessing them. Nature-related risks are hard to measure due to complex interactions between nature, society, and the global economy. Insurers can reduce impacts or restore nature by incentivizing sustainable behaviors, innovating in asset protection, facilitating capital flows, and collaborating with governments. This allows the industry to manage risks proactively, contributing to ecosystem protection and restoration rather than merely reacting to claims.
Briefings
2024
- Taaffe S., Martin C., Barker R., Scaling finance for nature: Barrier breakdown.
2023
- Deltenre L., Seega N., Primer on the financial materiality of Nature-based Solutions.