How Much Will the Implementation of the Nature Restoration Law Cost and How Much Funding is Available?
Aubert, Gabrielle; Hugh McDonald, Levin Scholl 2022: How much will the implementation of the Nature Restoration Law cost and how much funding is available? IEEP, Ecologic Institute: Brussels, Berlin.
The EU Commission published its proposal for a new Nature Restoration Regulation in June 2022. In this context, IEEP and Ecologic Institute – as part of the Think Sustainable Europe network – published a series of thematic policy briefs to inform Members of the European Parliament and other policy makers about a variety of topics relating to nature restoration.
Funding the implementation of the law is a key aspect and a point of tension in the negotiations. This policy brief addresses three questions:
- How much will implementing the NRL cost and how much funding is available?
- How can Member States mobilise funding for nature restoration?
- How do the economic benefits brought by nature restoration compare to its costs?
The Commission’s impact assessment estimated that restoring 30% of habitats listed in Annex I of the Habitats Directive by 2030 will cost €8.2 billion a year. EU funds have the scope to cover a large part of these funding needs, as the biodiversity spending target in the current multiannual financial framework (MFF) amounts to €16 billion a year. EU and national public funding should also be used to leverage investments from the private sector, as private sector funding is currently quite low, but there is quite a lot of interest.