Abstract
Finance Earth was commissioned by the Scottish Government, in partnership with NatureScot, to explore how voluntary carbon markets can be harnessed to accelerate the delivery of high-integrity peatland restoration across Scotland.
The project, "Mobilising Private Investment in Natural Capital" aims to understand both the financial and non-financial barriers to peatland restoration, the opportunities to scale-up restoration activities, and sets-out recommendations on how public capital can be used most effectively to crowd-in private investment into peatland restoration. The project was delivered through a process of action research, working iteratively with a large group of stakeholders including landowners, farmers, project developers, investors and carbon-buyers.
This project builds on NatureScot and Finance Earth's 2021 report, "Facilitating Local Natural Capital Investment" which evaluated a range of funding and financing mechanisms to unlock investment in Scotland's natural capital. It proposed two key mechanisms be developed, namely a Scotland Carbon Fund (SCF) and a Price Floor Guarantee (PFG). This report explores these two proposed mechanisms in more detail, and based on extensive stakeholder consultations, research and data analysis, provides recommendations regarding their design, particularly as it relates to the financing of peatland restoration.
The project, "Mobilising Private Investment in Natural Capital" aims to understand both the financial and non-financial barriers to peatland restoration, the opportunities to scale-up restoration activities, and sets-out recommendations on how public capital can be used most effectively to crowd-in private investment into peatland restoration. The project was delivered through a process of action research, working iteratively with a large group of stakeholders including landowners, farmers, project developers, investors and carbon-buyers.
This project builds on NatureScot and Finance Earth's 2021 report, "Facilitating Local Natural Capital Investment" which evaluated a range of funding and financing mechanisms to unlock investment in Scotland's natural capital. It proposed two key mechanisms be developed, namely a Scotland Carbon Fund (SCF) and a Price Floor Guarantee (PFG). This report explores these two proposed mechanisms in more detail, and based on extensive stakeholder consultations, research and data analysis, provides recommendations regarding their design, particularly as it relates to the financing of peatland restoration.
| Original language | English |
|---|---|
| Publisher | The Scottish Government |
| Commissioning body | Scottish Government |
| ISBN (Print) | 9781805255673 |
| Publication status | Print publication - 27 Apr 2023 |
Keywords
- carbon floor price
- green finance
- natural capital