An estimated financing gap of at least £1.8 billion between 2022 and 2032 needs to be closed to meet UK woodland creation and management targets – a level over 2.5 times total public funding committed in 2021.
This study explores existing applications of Green Finance to UK trees, woods and forests (TWF) and their potential in further increasing private investment. Mechanisms include Timberland Investment Management Organisations (TIMOs), Environmental Impact Bonds (EIBs), and Community-funded Forestry, with case studies provided and the importance of ‘blended finance’ in catalysing private investment noted. The need to investigate critical factors determining successes and failures further is highlighted.
This study has been summarised in a two-page In Brief note: Green Finance in the context of trees, woods, and forests (In Brief)
The aim of the PESFOR-W COST Action is to synthesize knowledge, provide guidance and encourage collaborative research to improve Europe’s capacity to use Payments for Ecosystem Services (PES)