Hundreds of participants from 36 countries around the world – from Spain to Singapore, and from Poland to the Philippines – tuned in today for the launch of the Connecting Nature Enterprise Platform. This novel marketplace aims to directly connect increasing global market demand for nature-based solutions (from public and private sector ‘buyers’) with supply (innovative enterprises developing new sustainable nature-based solutions).
The benefits of nature-based solutions such as living roofs and walls, sustainable drainage systems, natural wastewater treatments, constructed wetlands and so on, are well known for citizens and the environment. However, the economic potential of nature-based solutions has been less well explored until now.
The Connecting Nature Enterprise Platform which was launched by John Bell, Director of Healthy Planet, DG Research & Innovation at the European Commission, and Hazel Chu, Lord Mayor of Dublin [Wednesday 21st October 2020] puts the spotlight firmly on the potential of nature-based enterprises as an emerging industry sector.
The platform has been created building on a collaboration between Trinity College Dublin and University College Dublin, whose pioneering global research is focused on the potential of nature-based enterprises to contribute to the net-zero economy of the future. By bringing together under the common heading of nature-based enterprises a number of existing market sectors from landscape architecture to green building construction, the potential of this industry sector as a source of employment and sustainable economic growth can be seen.
Connecting Nature, co-ordinated by Trinity, and involving the Rotterdam-based transition research institute DRIFT as a key partner is a five-year €12m Horizon 2020 project focusing on the large-scale implementation of nature-based solutions to build climate resilience in cities. Endorsed by the UN and EC, demand for nature-based solutions has increased exponentially in recent years in line with recognition that they could provide up to 30% of the mitigation required to stabilise global warming to below 2oC (Seddon et al (2019) “Nature-based solutions in nationally determined contributions : synthesis and recommendations for enhancing climate ambition and action by 2020”).
However, the roadblock emerging now is that there are not enough skilled and experienced suppliers to meet this fast growing demand. (EC (2020) “Public procurement of nature-based solutions. Addressing barriers to the procurement of urban NBS : case studies and recommendations”) To address this, Connecting Nature is exploring a new field of research into the capacity of private sector nature-based enterprises to meet this demand.
Based on this research and in collaboration with Horizon Nua, a Dublin-based not-for-profit organisation, the Connecting Nature Enterprise Platform, has been developed to directly connect market demand (cities and private sector ‘buyers’ of nature-based solutions) with supply (innovative enterprises developing new sustainable nature-based solutions) on a global scale.
In launching the platform, John Bell, Director, Healthy Planet, European Commission, said:
“The Recovery Plan and the wall of investment which is coming – the largest since the Marshall Plan – will be looking for new ways in which business and economic opportunities can respond to setting out what the geography and economy and society of the future can be in new businesses, value chains, innovations and platforms.
“The nature-based enterprises which feature on this platform can offer really significant potential to deliver on the ambitions of the Green Deal and indeed the EU Recovery Plan.”
Speaking at the launch, Hazel Chu, Lord Mayor of Dublin, said:
“We welcome the launch of the Connecting Nature Enterprise Platform, which connects the global marketplace for nature-based solutions. In Dublin, we are committed as a city to realising the potential of the nature-based economy as evidenced by the plans for deployment of nature-based solutions set out in our Climate Action Plan. We see the potential from this sector to upskill our workers, generate new sources of employment and attract investment from companies with a green corporate agenda.”
Siobhan McQuaid, the lead researcher from Trinity Centre of Social Innovation welcomed the interest of the public and private sector in this research “To date investment in nature has largely been led by the public sector. Our research and the Connecting Nature Enterprise Platform clearly identify the potential for the private sector to become involved both as investors in nature and as suppliers of innovative nature-based products and services. We hope this research will lead to further studies on the potential of the nature-based economy.”
As the coordinator of the Connecting Nature Horizon 2020 project, Prof. Marcus Collier of the School of Natural Sciences said “Nature-based solutions have the potential for realising multiple co-benefits from greening our cities, something that has become the subject of public discourse since the restrictions of COVID-19 were imposed. Regreening our cities can go hand in hand with regreening our economy, and nature-based enterprise are an excellent opportunity for establishing a new model for this.”
This is a companion discussion topic for the original entry at https://drift.eur.nl/press-release-pioneering-platform-launched-to-support-growing-nature-based-economy/