The first Natural Capital Investment Plan for Greater Manchester has been published. The need to establish and implement a Natural Capital Investment Plan to mobilise existing and new sources of funding was a key outcome from the Greater Manchester Mayor’s Green Summit in March 2018. The plan aims to broaden the range of potential sources of investment in natural capital. This is challenging because many different parts of society receive benefits from natural assets without paying for them. However, there are ways in which revenues can be generated, and mechanisms can be developed that attract a wider range of private sector and alternative sources of investment. To move forward developing these, this plan identifies suitable areas of potential investment and which finance models could be used.
Green Infrastructure: a successful tool in strategic land use planning
The Nordic countries are known for their green cities, full of accessible green and blue spaces and surrounded by agricultural land, vast forests and lakes. Viewed in aggregate these green and blue areas are a network. A concept called Green Infrastructure has been developed to highlight the importance, development and planning of this network. The existing Nordic Green Infrastructure offers a wide variety of benefits to Nordic societies and inhabitants; to preserve biodiversity, to mitigate and adapt to climate change and to provide business opportunities.
The use of urban parks for leisure, recreation or tourism have a clear, positive impact on people's physical and mental health. Strategic planning is necessary to create a green infrastructure with more positive impacts than a number of scattered green objects. Despite of the increased awareness of the positive impacts of green spaces for people's health and wellbeing, as well as for environment and climate, there is a clear need to strengthen its role in strategic planning. In this Policy Brief we identify how that can be done in the Nordic countries and also found interesting examples from Greater Copenhagen (DK) and Hämeenlinna (FI).
This publication is part of the ESPON project GRETA - Green infrastructure: enhancing biodiversity and ecosystem services for territorial development. More about ESPON GRETA
Scotland signs on to mass tree initiative
Scotland’s first minister, Nicola Sturgeon, has signed on to a global initiative to restore 350 million hectares of deforested and degraded landscapes by 2030. The commitment makes Scotland the first European country to take part in the Bonn Challenge, which is predicted to produce approximately $84bn per year in net benefits. For more details, click here.
Consultation on global green infrastructure standard
The International Union of Conservation on Nature (IUCN) is consulting on a global standard for nature-based solutions. The environmental network claims that without a robust, hands-on tool green infrastructure ‘may remain a general metaphor’ that ‘marginally contributes to solving societal challenges rather than becoming integral solution to overcoming them. For more details, click here.
Newcastle University launches facility for GI study
Newcastle University has opened a National Green Infrastructure Facility to help nature-based solutions for responding to extreme weather, climate change and limited natural resources. The facility will allow researchers to better understand surface water drainage infrastructure and how green infrastructure can be used to manage potentially adverse weather patterns. For more details, click here.