Challenges Entailed in Applying Ecosystem Services Supply and Demand Mapping Approaches: A Practice Report

Dworczyk, Claudia; Burkhard, Benjamin

doi:10.3390/land12010052

Cited by 6 publications

(3 citation statements)

References 68 publications

(137 reference statements)

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“…While NBSs are typically cost-effective, investors find it challenging to gain sufficient benefits, as these are distributed across several actors and groups [10]. Crucially, the valuation and monetisation of NBS benefits are often challenging [25]. In addition, high risks are involved due to the limited performance track records of NBS initiatives [18,19] and the uncertainties related to natural systems and climate change impacts [17].…”

Section: Barriers To Funding and Financing Of Nbssmentioning

confidence: 99%

Key Innovations in Financing Nature-Based Solutions for Coastal Adaptation

Favero,

Hinkel

2024

Climate

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The implementation of nature-based solutions (NBSs) for coastal adaptation to climate change is limited by a well-documented lack of finance. Scholars agree that financial innovation represents a solution to this problem, particularly due to its potential for mobilising private investments. It remains unclear however how exactly innovative solutions address the specific barriers found in NBS implementation and, given the distinctive local characteristics of NBSs, to what extent successful innovations can be replicated in other locations. This study addresses this issue by reviewing the literature and case studies of innovative financial solutions currently implemented in NBS projects, highlighting which financial barriers these arrangements address and which contextual conditions affect their applicability. We find that there is no “low-hanging fruit” in upscaling finance in NBSs through financial innovation. Innovative solutions are nevertheless expected to become more accessible with the increase in NBS project sizes, the increased availability of data on NBS performance, and the establishment of supportive policy frameworks. The flow of finance into NBS projects can be further enhanced through the external support of both public (de-risking and regulation) and private actors (financial expertise).

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Section: Barriers To Funding and Financing Of Nbssmentioning

confidence: 99%

Key Innovations in Financing Nature-Based Solutions for Coastal Adaptation

Favero,

Hinkel

2024

Climate

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“…The potential of financing NbS through natural capital markets (i.e., where natural assets representing biodiversity or ecosystem services are traded) is constrained for several reasons. First, the quantification and mapping of flows of ecosystem services remains difficult and prone to error, even at the landscape scale [49,50]. Further, accounting for the impact of climate change on these services remains challenging [51].…”

Section: The Pitfalls Of a Narrow Focus On Market-based Mechanisms To...mentioning

confidence: 99%

Going beyond market-based mechanisms to finance nature-based solutions and foster sustainable futures

et al. 2023

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Failure to address the climate and biodiversity crises is undermining human well-being and increasing global inequality. Given their potential for addressing these societal challenges, there is growing attention on scaling-up nature-based solutions (NbS). However, there are concerns that in its use, the NbS concept is dissociated with the social and economic drivers of these societal challenges, including the pervasive focus on market-based mechanisms and the economic growth imperative, promoting the risk of greenwashing. In this perspective, we draw on recent research on the effectiveness, governance, and practice of NbS to highlight key limitations and pitfalls of a narrow focus on natural capital markets to finance their scaling up. We discuss the need for a simultaneous push for complementary funding mechanisms and examine how financial instruments and market-based mechanisms, while important to bridge the biodiversity funding gap and reduce reliance on public funding, are not a panacea for scaling NbS. Moreover, market-based mechanisms present significant governance challenges, and risk further entrenching power asymmetries. We propose four key recommendations to ensure finance mechanisms for biodiversity and NbS foster more just, equitable, and environmentally sustainable pathways in support of the CBD’s (Convention on Biological Diversity) 2050 vision of “living in harmony with nature”. We stress that NbS must not be used to distract attention away from reducing emissions associated with fossil fuel use or to promote an agenda for perpetual economic growth and call on government policy makers to decenter GDP growth as a core economic and political target, refocusing instead on human and ecological well-being.

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“…These services are generally considered the ES supply side, which is defined as the goods and services provided by an ecosystem (Costanza et al 1997). In contrast, ES demand refers to the amount of multiple ESs actually required or consumed by human society (Burkhard et al 2012;Wolff et al 2015;Shi et al 2020;Xin et al 2021;Dworczyk and Burkhard 2023). The ES demand will continuously increase because the global population is projected to increase from 7.6 billion to 9.8 billion in the next 30 years (Wu et al 2019;Adeyemi et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Interactions of socioecological factors on the supply-demand balance of ecosystem services in the Yangtze River Economic Belt, China

Zhang,

Fang,

Cheng

2023

Preprint

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A comprehensive understanding of how socioecological factors can influence multiple ecosystem services (ES) may provide stakeholders with a management tool to coordinate economic development and environmental protection. However, previous studies have focused more on the supply side than on the demand of ESs. Furthermore, the underlying mechanisms for the changes in the supply-demand balance of ESs and their multiple drivers remain unclear. Therefore, in this study, an integrated theoretical framework was developed to assess the interactions of socioecological factors, including land use and cover, social economy, climate, and topography, on the variation in the ES supply, demand, and balance, which were mapped at the city scale in the Yangtze River Economic Belt (YREB). A variance inflation factor (VIF) was employed to detect the multicollinearity of the factors, and the sum of Akaike weights were used to simplify driving factors and identify essential driving factors. We employed variation partitioning analysis (VPA) to reveal the effects of unique and combined drivers on the ES supply, demand and balance. The results showed that undersupply cities (11.93% of the area) were concentrated within the three national urban agglomerations and increased in area from upstream to downstream, whereas oversupply cities (88.07%) were mainly distributed in the surroundings of the urban agglomerations. According to the VPA, the essential driving factors could effectively explain the variation in the ES supply, demand, and balance in the YREB. More importantly, these driving factors were simplified with no significant decrease in explanatory power. In the oversupply cities, the ES changes were determined by socioeconomic factors (urbanization rate and population density), land use/land cover (cropland, woodland, and unused land), and their interactions. In the undersupply cities, population density (PD) could explain the majority of the variation in ESs. However, the effects of climate and topography on ESs were more prominent at the scale of all cities in the YREB. Besides, PD displayed a significant negative correlation with ES supply and balance, whereas it was positively related to ES demand in the undersupply cities. These findings contribute to a comprehensive understanding of the interactions of socioecological factors on the supply-demand balance of ESs. This study is informative for human well-being and sustainable socio-economic development of the region.

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Challenges Entailed in Applying Ecosystem Services Supply and Demand Mapping Approaches: A Practice Report

Cited by 6 publications

References 68 publications

Key Innovations in Financing Nature-Based Solutions for Coastal Adaptation

Key Innovations in Financing Nature-Based Solutions for Coastal Adaptation

Going beyond market-based mechanisms to finance nature-based solutions and foster sustainable futures

Interactions of socioecological factors on the supply-demand balance of ecosystem services in the Yangtze River Economic Belt, China

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