Society increasingly recognises the value provided by natural ecosystems. Whether cleaning air, absorbing carbon, pollinating plants, natural capital is just as – if not more – valuable than man made infrastructure and services.
The natural capital group explores the detail behind the issue, championing it to policymakers including Defra. Many of EIC’s environmental consultancy members are at the forefront of implementing new approaches to natural capital – whether working with progressive clients or through their thought-leadership.
Various methods have been devised to calculate the monetary value of these services to help determine appropriate trade-offs and the cost-effectiveness of policies to improve the environment.
While government has, to-date, mainly focused on biodiversity net gain, we now need to move beyond this towards environmental net gain and a recognition of a more sophisticated, broader, and holistic, view natural capital.
The group informs EIC’s thought-leadership in this area producing innovative yet tangible proposals to encourage the use of natural captial as a concept, responds to government consultations, holds events, writes articles for industry press, and regularly welcomes policymakers and industry experts as guests.
It meets quarterly and the chair is Robert Spencer of AECOM.
EIC's response on behalf of members to consultation led by Defra and Natural England.
Autumn Budget and Spending Review 2021
Member-only briefing exploring the key announcements.
Innovation Audit of the 25 Year Environmental Plan
EIC and Ramboll explore potential for innovation to deliver 25YEP ambitions.
EIC's sectoral analysis of key announcements.
Delivering Environmental Net Gain
EIC argues for the concept which builds on Biodiversity Net Gain.
Biodiversity net gain: updating planning requirements
EIC responds to Defra consultation.
Environment Bill inquiry
EIC responds to the Joint Select Committee inquiry on the Environment Bill.
Turning the Tide: proposals to reform flood policy
EIC members produce a 10 point plan to tackle increasing floods.