Private sector capacity to deliver NbS for the nature positive economy

Build the capacity of the private sector to deliver NbS for the nature positive economy. As demand increases for NbS, publications have identified potential bottlenecks in their supply, exacerbated by shortages of skilled and experienced NbS suppliers in the private sector. Research has clearly identified the potential of nature-positive economy to support the delivery of NbS, simultaneously delivering multiple economic benefits in terms of innovations, skills, jobs and enterprises. While the potential of NBE to contribute to a just transition toward a more equitable nature positive society has been recognised in the EU and internationally, this area of research remains emergent.  Further theoretical and empirical studies are needed to better understand differentiating characteristics with other organisation types and between different sectors, geographical regions, and scales, including internal and external determinants of success and failure and limitations/potential of the concept in these contexts. Specifically, there are significant research needs on the fit between current innovation ecosystems, including early-stage financing and scaling mechanisms, with the needs of nature-based enterprises.

European Commission. Directorate General for Research and Innovation. The vital role of nature-based solutions in a nature positive economy. (Publications Office of the European Union, 2022).

European Commission Directorate-General for Research and Innovation et al. Nature-based solutions: state of the art in EU funded projects. (Publications Office of the European Union, 2020).

ILO-UNEP-IUCN. Decent Work in Nature-based Solutions 2022. http://www.ilo.org/global/topics/employment-intensive-investment/public… (2022).

Kooijman, E. D., McQuaid, S., Rhodes, M.-L., Collier, M. J. & Pilla, F. Innovating with Nature: From Nature-Based Solutions to Nature-Based Enterprises. Sustainability 13, 1263 (2021).

McQuaid, S. et al. From Nature-based Solutions to the Nature-based Economy - Delivering the Green Deal for Europe. Draft White Paper for consultation. Nature-based Economy Working Group of EC Task Force III on Nature-based Solutions. (2021) doi:10.5281/ZENODO.5055605.