Results of the We Value Nature pilot project on integration of natural capital in public and private sector decision-making for climate resilience and biodiversity in Cabo de Gata-Níjar, Spain
We Value Nature is an EU Horizon 2020-funded three-year campaign (November 2018 – October 2021) supporting businesses and the natural capital community across Europe with the aim of making valuing nature the new normal for business. The campaign reinforces and boosts the work of the Capitals Coalition, helping businesses make smarter decisions that benefit themselves, society and the planet as a whole.
The We Value Nature consortium is led by the Institute of Chartered Accountants in England and Wales(ICAEW) and the other consortium partners are the World Business Council for Sustainable Development(WBCSD), The International Union for Conservation of Nature (IUCN), and Oppla.
Business has a critical role to play in encouraging governments to take comprehensive action to reverse nature loss and restore the planet’s vital natural systems. Business can help demonstrate that the safeguarding of nature makes economic sense, and help identify the policies and mechanisms needed for transformative change. Joint action by the private and public sectors can foster a sense of shared ownership over targets and outcomes.
We Value Nature has implemented this pilot project to explore opportunities to strengthen private-public coherence for the integration of natural capital in decision-making processes, in the context of restoring degraded land in a specific ecosystem in the Mediterranean area, Cabo de Gata-Níjar (Andalusia, Spain). The pilot supports the Combining Forces initiative of the Capitals Coalition, which is working to enhance public-private coherence for natural capital accounting.
The project, carried out together with Ecoacsa, has the following specific objectives:
- To strengthen dialogue and opportunities for partnerships between key stakeholders in Cabo de Gata-Níjar to establish the foundation for common efforts and financing to integrate nature better in private and public sector in decision-making.
- To develop case studies that showcase how fostering a mutual understanding of the different approaches to landscape restoration and collaboration between the public and private sector for the assessment and integration of natural capital in decision making and practice can enhance benefits for all stakeholders in the region and create sustainable models for landscape management.
- To present the findings of the pilot project at relevant European and international events to inspire public and private sector partners to increase their efforts to work together for restoring degraded landscapes.
This online event is a We Value Nature partner event, organised under the framework of the EU Green Week 2020. The event will present results of the pilot project with a view to promoting private-public coherence and inspiring public and private sector players to work together for the assessment and integration of natural capital in decision-making.