Making Nature Markets Work: Extended Report

About the paper

After the launch of the Taskforce on Nature Markets landmark recommendations alongside the Amazon Summit as well as a series of ongoing engagements around these recommendations, including at New York Climate Week, the Africa Climate Week & Summit, Building Bridges, and UNCTAD World Investment Forum, the Taskforce has released its anticipated extended report. This extended version adds weight and depth to the recommendations, as gained from engagements and contributions with and beyond its members, knowledge partners and an innovative and evolving community of practice.  

The extended report includes a full list of exhibits and illustrative scalable examples from across the globe of how nature positive and equitable nature markets can be realised and harnessed for an economy wide shift. The additional exhibits and content in the extended report demonstrate in a practical and accessible way how ambitious and necessary solutions can work – and are already working – in the real world. Finally, it provides building blocks and pathways for catalytic change toward a nature positive, equitable and climate resilient economy.

Key themes

• New geopolitics in the 21^st century

• Intertwined nature and climate crises need different playbooks
• Reforming the economic and financial architecture
• Governance of nature markets
• Advancing traceability in the global food commodity markets  
• Nature crime-free value chains
• Broadening the mandates of central banks and supervisors  
• Common approach to measuring and making publicly available the state of nature

• Nature credit markets and emerging biodiversity credit markets and their potential to deliver fair prices to nature-rich countries, Indigenous Peoples, and local communities.

Highlights

• Exhibit 7 - Embedding Sustainability in the Sovereign Debt Architecture  
• Exhibit 9 - Addressing Design Challenges in the Governance of Water Markets  
• Exhibit 10 - Measuring Nature and Making it Count  
• Exhibit 12 - Growing National Nature Credit Market Initiatives  
• Exhibit 14 - Illegal Gold Mining in the Amazon  
• Exhibit 17 - Addressing Design Challenges in the Governance of Water Markets  

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