Alternative sources of funding restoration: biodiversity credits

8 Jun 2023

10.00am - 12.15pm

Online

Free

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The coastal zone between the Solent and Sussex Bay is home to one of the largest concentrations of seascape restoration activities in the UK. Given the rapid decline of crucial native habitats, such as saltmarshes, oyster reefs, kelp beds and seagrass beds, it is critical to scale up and coordinate these local efforts.

Aiming to co-develop a long-term strategy that better integrates finance and biodiversity into future seascape restoration initiatives, the UK Seascape Restoration Research Network was established in January 2023 by a collective of five south coast research institutions: Universities of Portsmouth, Brighton, Sussex, Surrey and the National Oceanography Centre in Southampton. The network will hold a range of thematic workshops throughout May – November 2023, both locally and nationally.

This online workshop will feature a deep dive into attracting private funding for coastal restoration through the development and trade of biodiversity credits. The lead speaker at this workshop, Dr Tim Coles (CEO of rePLANET), will provide an overview of the Wallacea Trust biodiversity credit methodology that can be applied to can be applied to projects in all 1300 terrestrial and marine ecoregions around the world (https://www.replanet.org.uk/what-are-biodiversity-credits/). This talk will be followed by a presentation from Alice Clark from the University of Sussex, who is tracking biodiversity around the Sussex coast as part of her PhD work.

The invited talks will be followed by breakout discussions, which will tackle topics such as outlining the next steps to generating and trading biodiversity credits in the Solent and Sussex Bay, and ensuring that these credits bring a meaningful change to the local habitats and communities.

A more detailed agenda will be circulated to registered attendees prior to the event. For more information, please contact: karolina.skalska@port.ac.uk