New Report on Nature-Based Solutions seeks to boost investments for a Green Recovery

On August 27, 2020, partners of the U.K. Ignition project launched the report Nature-Based Solutions to the Climate Emergency: The Benefits to Business and Society. The project’s aim is to develop innovative financing solutions for investments in Greater Manchester’s natural environment, helping the city to adapt to the impacts of climate change.

The report presents the key environmental, economic, and social benefits of nature-based solutions (NBSs) from the project’s nature-based solutions evidence base. It covers a wide variety of NBSs, such as street trees, green roofs and walls, sustainable drainage systems, and urban parks and green spaces. The benefits of each of these solutions are categorized into five areas: climate change; resource use; nature and biodiversity; health and well-being; and socioeconomic impact. In addition, the new report gives cost estimates for the construction and maintenance of NBSs.

The authors lay the foundations for increased use of NBSs in a green recovery from the pandemic, as the “purpose of this document is to inspire confidence in business leaders and investors to increase their use of NBS to deliver greater outcomes for business, society and the environment.”