Replication data for potential finance for nature initiatives

Efforts to close the global financing gap for nature are visible through the increase in green bonds, impact investment funds and grants for nature-based solutions but have fallen short of the $200bn per year global target stipulated in the Global Biodiversity Framework. On the other hand, caution is needed when implementing finance for nature initiatives, as poorly designed solutions can exacerbate inequalities or even lead to further nature degradation. This exploratory study goes beyond what is conventionally seen as “finance for nature” and explores novel approaches and alternative ways to fund nature. Using a select number of these “seeds”, I unpack the theory of change underpinning the seeds and their conceptualisation of nature values as it relates to the Nature Futures Framework. The study showed that there is an overrepresentation of market-based mechanisms and that these are generally leaning towards the nature for society as a core value perspective. More experimentation is needed with regards to non-market-based mechanisms, different ownership and governance structures, and incorporating perspectives which see nature’s value for nature’s sake or as part of culture.