Details of Award
NERC Reference : NE/I022183/1
[Finance] Forest-Finance risk network: towards stable investment environments for forestry
Grant Award
- Principal Investigator:
- Dr G Patenaude, University of Edinburgh, Sch of Geosciences
- Co-Investigator:
- Professor I Woodhouse, University of Edinburgh, Sch of Geosciences
- Co-Investigator:
- Dr F Ascui, University of Edinburgh, Business School
- Co-Investigator:
- Professor M Williams, University of Edinburgh, Sch of Geosciences
- Grant held at:
- University of Edinburgh, Sch of Geosciences
- Science Area:
- Terrestrial
- Overall Classification:
- Unknown
- ENRIs:
- Biodiversity
- Environmental Risks and Hazards
- Global Change
- Natural Resource Management
- Science Topics:
- None
- Abstract:
- Our vision: To impel climate change mitigation action by motivating private investments in sustainably managed forest ecosystem services. Our contribution: To address a critical KE gap between expertise on the mapping, modelling and quantification of the risk of forest carbon loss, and investor's confidence in forest investments (including in REDD+). Our focus: To address 4 categories of risks (i) Climatic (ii) Fire (iii) Anthropogenic and (iv) Regulatory. Our aim: To stimulate the exploitation of UK's world-class knowledge base -NERC and elsewhere - in forest loss and risk mapping by the UK knowledge brokers and financial institutions. Our impacts: To deliver, as a consequence of this work, a more accurate and holistic understanding of the real risk represented by forest propositions around the world; a more stable and mainstream investment environment for forestry and; to bring forestry from the margins of business, to a business line as common as aviation, motor or life and pensions. We request funding for a period of 12 months to support the creation of a ForestRisks-for-Finance Network. Partners, including WillisRE Ltd., ForestRe Ltd., Ecometrica Ltd, Acclimatise Ltd. The Edinburgh Centre on Climate Change, and Forest Research will contribute more than #55,000 in-cash and in-kind to this KE initiative. A PDRA will be appointed to effectively bring together the NERC funded and UK research community (on forest-loss risks) as well as to proactively engage with potential users (Brokers & End users). This initiative stems from (a) recommendations made at the NERC-funded Long Finance symposia on "Forestry and Finance: Where's the data" (London, July 2010 and Sept 2010), to which the PI (Patenaude) was an invited panellist and (b) the wider KE activities led by Richard Max-Lino (NERC Knowledge and Innovation Manager, Financial Services) and the Long Finance initiative (http://www.zyen.com/long-finance.html).
- NERC Reference:
- NE/I022183/1
- Grant Stage:
- Completed
- Scheme:
- Knowledge Exchange (FEC)
- Grant Status:
- Closed
- Programme:
- KE
This grant award has a total value of £99,284
FDAB - Financial Details (Award breakdown by headings)
| DI - Other Costs | Indirect - Indirect Costs | DA - Investigators | DI - Staff | DA - Estate Costs | DI - T&S | DA - Other Directly Allocated |
|---|---|---|---|---|---|---|
| £7,260 | £33,594 | £9,104 | £32,552 | £7,956 | £8,760 | £58 |
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