Stacking of nature market credits
- Published
- 18 October 2023
- Place of performance
- UK
- Procedure
- Open procedure
- Lots
- 1
- Notice number
- 030723-2023
- Reference
- ocds-h6vhtk-03efe0
- Official source
- Official source
CPV codes
- 79311400Economic research services
- 73210000Research consultancy services
- 73000000Research and development services and related consultancy services
- 79310000Market research services
- 66152000Financial market regulatory services
- 90713000Environmental issues consultancy services
Description
The Nature Markets Framework, published in March 2023, sets out the principles required to ensure environmental integrity while combining multiple ecosystem service revenue streams from a single intervention r (stacking), but Defra is yet to make a decision on whether to increase the number of circumstances where stacking is allowed in nature markets. There lacks a sound evidence base to inform this decision, and it is unclear what stacking model would be most effective at delivering Defra’s environmental and private finance ambitions as well as the effect on costs to developers within our compliance markets (biodiversity net gain and nutrient neutrality). This research is a critical enabler to deliver on Defra’s commitment to provide clarity to landowners on the ability to stack credits on their land that was set out in the Nature Markets Framework.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Ove Arup and Partners Limited | — | — |
Official publications
- FTS · 030723-2023 · 18 October 2023
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