This paper presents the findings of the Taskforce on Nature Markets’ initial landscaping phase. It maps key aspects of nature markets and includes a systematic economic quantification of nature markets globally, in USD. The paper also offers insights into legal frameworks and rights of nature as well as considerations for embedding equity in nature markets. In an era of multifaceted crises, the paper calls for robust governance of rapidly expanding nature markets to avoid greenwash, halt illegal markets and deliver nature positive and more equitable outcomes.
This paper sets out challenges and opportunities associated with the surge in monetarisation of nature across the global economy. It has been prepared as the anchor ‘white paper’ to set the scene and inform the work of the Taskforce on Nature Markets.