CivTech 8.6 - How can biodiversity credits be designed in a way that provides simplicity for projects and buyers, and enables investment in Scotland’s nature?
Scottish Natural Heritage · Scotland
Key facts
- Contract value
- £526,500
- Awarded
- 04 Sep 2023
- Procedure
- Open procedure
- Buyer type
- Other public body
Awarded to
| Supplier | Value |
|---|---|
| CreditNature | £526,500 |
Description
Biodiversity credits are an economic instrument that can be used to finance actions that result in measurable nature positive outcomes for biodiversity and the environment. They directly address the need for investment in natural capital, beyond nature’s role in managing the carbon cycle. Biodiversity credits differ to biodiversity offsets - they can be part of a company’s nature-positive journey, an investment in nature’s recovery, rather than an offset for damage. The development of biodiversity credit markets has the potential to help address the 20 Billion (GPD) finance gap for nature in Scotland by leveraging responsible private investment into nature recovery, in line with the Scottish Government’s Biodiversity Strategy and Natural Environment Bill and the Interim Principles for Responsible Investment in Natural Capital. Please visit our website for information on CivTech and how to get involved: https://www.civtech.scot/civtech-8-challenge-6-simplifying-and-enabling-investment-in-scotlands-nature https://www.civtech.scot/how-to-apply-civtech-8
Categories (CPV)
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