Something must be in the water. In this month's Mitmail, we find quite a few high-level commitments to natural capital approaches.
The Natural Capital Declaration signatories are proving they can walk the walk with the release of an ambitious roadmap to a global standard for natural capital accounting and reporting by 2020. In Colombia, new legislation requires municipal and departmental agencies to direct 1% of their income to payments for ecosystem services (PES) to private landowners or land acquisition source water protection. And the UK government has released a thoughtful action plan for supporting PES on the ground, including continued funding for pilot projects and a list of specific opportunities worth pursuing.
Of course, it's about time. As a new OECD review of the scalability of innovative biodiversity finance mechanisms shows us, finding both the will and the wherewithal to reverse biodiversity decline is not going to be easy.
Another two items in this newsletter that come to us from Indonesia and Kenya point to another financing possibility: carbon. In these stories, voluntary carbon buyers have stepped in with funding for projects that provide not just carbon sequestration but critical biodiversity benefits. As Ecosystem Marketplace found in its latest State of the Voluntary Carbon Markets 2013 report, that market's been growing steadily, up 4% in 2012 while demand from European private-sector buyers jumped by more than a third. Read the Executive Summary here - and look for the full report, out soon.
Finally, we're hiring! Forest Trends' Water Initiative is seeking a program assistant to support our global outreach strategy. That position and and several others are listed in the 'Jobs' section below.