EnTrade has partnered with Arup to take the nature recovery markets it has pioneered in south west England nationwide, and to accelerate private investment in green schemes in the face of the nature emergency.
Environmental market operator EnTrade has proven itself in the Bristol Avon and Somerset catchments, channelling £1.3m of private finance through its platform to support 94 hectares of nature-based projects. It matches buyers of green services – such as developers who need to increase biodiversity or protect water quality to secure planning consent – with farmers and land managers who can provide them.
Under the new partnership with Arup, the plan is to scale up and roll out such markets across the country, underpinned by a new easy-to-use and transparent digital trading platform. The partners are in the advanced stages of launching at least two new regional nature markets, with others set to follow.
EnTrade managing director Guy Thompson said: “Nature is in crisis and we need a fundamental re-think on how we fund nature recovery. EnTrade has been at the forefront of thinking about how well-designed and regulated markets can efficiently deliver verified environmental improvements.”
Vikki Williams, digital water leader at Arup, commented: “Our partnership with EnTrade and [its parent] YTL has come about through our shared ambition to accelerate green economic growth and infrastructure development. We are proud to bring the digital and market design expertise required to build an online marketplace that will underpin EnTrade’s role as a high integrity market operator.’’
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