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CivTech 8.6 - How can biodiversity credits be designed in a way that provides simplicity for projects and buyers, and enables investment in Scotland’s nature?

Scottish Natural Heritage Published 28 Mar 2024 Public Contracts Scotland

key details

Value£650,000
Statuscomplete
Category (CPV) 72000000 +2 more
RegionScotland
Deadline30 Nov 2022
Procedureopen
OCIDocds-h6vhtk-03806d

Award

SupplierValueDateStatus
CreditNature · · active

description

Biodiversity credits are an economic instrument that can be used to finance actions that result in measurable nature positive outcomes for biodiversity and the environment. They directly address the need for investment in natural capital, beyond nature’s role in managing the carbon cycle.

Biodiversity credits differ to biodiversity offsets - they can be part of a company’s nature-positive journey, an investment in nature’s recovery, rather than an offset for damage.

The development of biodiversity credit markets has the potential to help address the 20 Billion (GPD) finance gap for nature in Scotland by leveraging responsible private investment into nature recovery, in line with the Scottish Government’s Biodiversity Strategy and Natural Environment Bill and the Interim Principles for Responsible Investment in Natural Capital.

Please visit our website for information on CivTech and how to get involved: https://www.civtech.scot/civtech-8-challenge-6-simplifying-and-enabling-investment-in-scotlands-nature

https://www.civtech.scot/how-to-apply-civtech-8

documents

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notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
9 Nov 2022 Contract notice (F02) Earlier regulations 031695-2022
28 Mar 2024 Contract award notice (F03) Earlier regulations 010293-2024

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Published on Public Contracts Scotland. Contact details for named individuals are not reproduced on this site.