defra white paper: The Natural Choice

The Department for Environment Food and Rural Affairs released a White Paper on 7 June. The plans are contained in ‘The Natural Choice’, the first White Paper on the natural environment in 20 years, and are directly linked to the groundbreaking research in the National Ecosystem Assessment published last week that showed the strong economic arguments for safeguarding and enhancing the natural environment.

The white paper referenced multiple TEEB (The Economics of Ecosystems and Biodiversity) research studies. The Finance Lab has been working closely with TEEB to develop a business coalition. What’s more exciting is that defra has announced their support of this initiative:

“To support a collaborative approach, we have established a Green Economy Council with leading businesses, which will consider natural capital in its terms of reference. In addition, the Government will support a new international coalition of businesses and business organisations to follow up on the TEEB for Business report. The TEEB for Business coalition will catalyse and co-ordinate action by helping participating businesses from the UK and elsewhere to understand and address their environmental impacts. “ (The Natural Choice, p. 37)

Read the White paper and the Press Release.