The global challenges of climate change and biodiversity collapse cannot be overcome without a market exchange that can efficiently match varied demand for nature’s services with a clear and trustworthy source of supply.
“Nature positive markets” create revenues by internalising nature’s products, services and attributes such as clean water, flood protection and certified seafood. A mangrove forest, for example, could produce revenues from carbon capture, flood protection, bioprospecting, and recreation.
However currently the markets are failing both on the supply side (the units of trade remain undefined), and on the demand side (citizens have no way to access the market). Nature markets that do exist today such as voluntary carbon markets are small, restrictive, and risk-averse, and thus typically incapable of “making nature pay.”