EEP – Ecobank

The aim of the Ecosystem Enterprise Partnership – Ecobank(EEP-Ecobank) is to work with land managers, industry, conservation managers and communities to allow the potential growth of Pembrokeshire’s economy while improving the environment of the Milford Haven and Cleddau catchment.

Context
There is a growing concern over the loss of biodiversity in Pembrokeshire with the majority of Pembrokeshire Marine SAC features in unfavourable conservation status and nutrient loading into the Milford Haven  identified as a key priority action. The waterway is considered as being “full” with no headroom in the Milford Haven catchment, this presents a potential barrier to development and therefore any future schemes requiring a permit to discharge into the catchment will require some form of offsetting scheme.

The EEP-Ecobank has emerged in response to growing recognition of the need to create a new, innovative and collaborative approach to how we manage our natural resources. The project aim was to carry out a feasibility study testing the validity of a market-based offsetting scheme that provides a streamlined, consistent and robust nutrient assessment process.

This website provides full access to the feasibility study conducted in 2015 and a background to Payment for Ecosystem Services, alongside the Building Resilence Into Catchments (BRICs) development plan.

Building Resilience into Catchments

Through the Building Resilience into Catchments(BRICs) project further developments are being made to create an enterprise capable of running a nutrient based trading scheme.  BRICs is a 3 year(2017-2019), £600,000+ project, led by the Pembrokeshire Coastal Forum and PLANED. It is funded under the Welsh Government’s Rural Communities – Rural Development Programme Sustainable Management Scheme (SMS) which aims to support activities that will improve the management of Wales’ natural resources, and in doing so contribute to the well-being of our rural communities. BRICs is a combination of on the ground actions to improve water quality with the creation of a nutrient trading scheme which will allow the economy of Pembrokeshire to grow while improving the natural environment.

A delivery framework for a Payment for Ecosystem Services (PES) based nutrient trading scheme for the Milford Haven and Cleddau Catchment

Work Package 1 shows the drivers for nutrient trading in the Milford Haven/Cleddau Catchment and describes the structure for a PES based scheme.
1. The range of different schemes, drivers for implementation, costs and benefits
2. Implementation structures – who operates the scheme, how it is managed, operating costs, connections to permits and planning conditions, how it is regulated, compliance monitoring, perpetuity of agreement to secure measure, long term sustainability
3. Structure should clarify, minimise and manage risks to all parties involved

Work Package 2 describes how to quantify a measured reduction of nutrients over a determined time frame, the management actions that will be used to achieve the reductions, and how these actions will fit alongside any relevant regulation and emerging policies
1. Scientific basis for assessment of measurements for nutrient reductions for both landowner conservation management measures and developer site activities requiring offsetting
2. Examples of management actions to reduce nutrients and confidence in measurement of reduction
3. An assessment of why current land management practices to reduce nutrients are undertaken / not undertaken to guide any recommended management actions
4. UK / EU legislative frameworks and how the scheme would fit into existing regulations

Work Package 3  demonstrates how the scheme will be implemented including inception, monitoring, review, of on farm works. Including roles, responsibilities, and transaction models while demonstrating the financial case for long term scheme sustainability.
1. Three year project development implementation plan with tools needed to deliver the scheme, i.e. contract templates, options for landowner engagement, process for evaluating/approving/tracking on farm measures.
2. Financials – how the project will be financially supported during implementation.
3. Robust business case for long term project sustainability and exit strategy from public sector seed funding.
5. Scope for pan-Wales implementation.

Work Package 4 incorporates the three previous work packages to produce a robust development plan for the Milford Haven/Cleddau Catchment while considering the ability to scale or replicate the approach where appropriate.
1. Developed in close liaison with the BRICs key stakeholders a final project report will be produced taking into account WP deliverables 1, 2, and 3 which will form the basis of how to take the project into operation.

Findings from the 2015 EEP-Ecobank feasibility study

  • Global Ecosystem Banking Initiatives

  • Review and analysis of Pembrokeshire case studies

  • Land Manager Assessments - Credits

Working with