To achieve a Nature Positive economy, it is essential to comprehend the challenges we currently face. This requires not only recognizing the complexities of climate change, biodiversity loss, and nature-related risks but also identifying the obstacles that hinder the implementation of effective solutions and meaningful actions.
In developing the Nature Tech Taxonomy Framework and creating this guide, we collaborated with a diverse group of experts, built upon the contributions of leaders in the field, and engaged with the Nature Tech Collective community through consultations.
Client
Nature Tech Collective
The Nature Tech Collective (NTC) is a global community of nature tech stakeholders, united by a shared mission to accelerate the transition towards a nature positive economy. By crowd-sourcing research & intelligence from a leading network of scientific, solutions & industry experts, the Nature Tech Collective functions as an essential capacity builder for the nature positive transition.
INDUSTRY
Impact
CLIENTS
All industries to drive change at scale
LOCATION
HQ in the USA
Here’s how Impact Labs supported NTC in structuring the taxonomy framework:
THE CHALLENGE
CREATE THE CONDITIONS FOR NATURE TECH SOLUTIONS TO SCALE
There are multiple reasons why a Taxonomy for Nature Tech solutions is needed:
Scale and Urgency: Environmental degradation and biodiversity loss are occurring at an alarming rate, with significant economic risks.
Nature-Finance Gap: There is a substantial annual gap of 700$bn in nature-related financing, hindering large-scale implementation of solutions.
Fragmentation: Lack of coordination among stakeholders limits the potential for collective problem-solving.
Rapidly Changing Market: The evolving nature tech sector requires a shared understanding and framework to keep pace with new solutions and regulations.
THE SOLUTION
To help investors, solutions, corporates and institutional actors get more clarity on this emerging, fast moving market, we develop a robust taxonomy framework:
1. Defining the purpose of Nature Tech
- Deployment: to enable nature-based solutions (NBS) to be implemented at scale, (such as drone technology for reforestation or genetic modifications for forest management).
- Measurement, Reporting, and Verification (MRV): Technologies that help track progress, provide data for reporting, and verify the effectiveness and outcomes of nature-based interventions, including satellite monitoring and eDNA testing.
- Transparency: to support clarity and openness in processes and data, and ensure stakeholders can easily access and understand information regarding carbon or nature credits and environmental impact. For example, allied offsets.
- Connection: solutions that help build links between local communities, information sources, and markets, such as exchange and conversation platforms like ABLE ecosystems, for example.
2. Why we need a nature tech Taxonomy
We need a taxonomy for nature tech for several reasons:
Shared Language and Understanding: A taxonomy provides a common framework and language to describe the various needs and solutions within the nature tech sector, facilitating better communication and understanding among stakeholders.
Ease of Navigation and Exhaustivity: It helps stakeholders navigate the complex landscape of nature tech solutions, enabling them to identify the right technologies and solutions for their specific needs.
By delivering a comprehensive view of available nature tech solutions, a taxonomy helps stakeholders identify where a critical mass of providers exists, and recognize gaps in the market.
Mainstream Adoption: a taxonomy aids in achieving mainstream awareness and adoption by providing a structured and systematic approach to categorizing and understanding the solutions and stakeholders involved.
Support for Decision-Making: It assists in making informed decisions by categorizing solutions according to different dimensions such as technology, transition needs, and geographical context, thereby supporting the selection and deployment of nature tech on a global scale.
2. Why we need a nature tech Taxonomy
We need a taxonomy for nature tech for several reasons:
Shared Language and Understanding: A taxonomy provides a common framework and language to describe the various needs and solutions within the nature tech sector, facilitating better communication and understanding among stakeholders.
Ease of Navigation and Exhaustivity: It helps stakeholders navigate the complex landscape of nature tech solutions, enabling them to identify the right technologies and solutions for their specific needs.
By delivering a comprehensive view of available nature tech solutions, a taxonomy helps stakeholders identify where a critical mass of providers exists, and recognize gaps in the market.
Mainstream Adoption: a taxonomy aids in achieving mainstream awareness and adoption by providing a structured and systematic approach to categorizing and understanding the solutions and stakeholders involved.
Support for Decision-Making: It assists in making informed decisions by categorizing solutions according to different dimensions such as technology, transition needs, and geographical context, thereby supporting the selection and deployment of nature tech on a global scale.
3. Collaborative approach to develop a Nature Tech Taxonomy
Specialist consultations: We held consultations with organizations and companies such as One Earth, Bloom Labs and Vibrant Data Labs, providing valuable insight into the needs of different players across the nature tech sector.
Market research: We conducted research into current understandings of ‘nature’ and ‘tech’, the intersection of the two, and the boundaries of what is considered ‘nature tech’.
Community workshops: By consulting the Nature Tech Collective Community during the development of the taxonomy, we gathered early insights and feedback response on the proposed structure of the taxonomy and categorizations. This helped us select the categorizations we felt were most understandable to a broad group of stakeholders – Governments, NGOs, academics, businesses, project developers, financial institutions and nature tech solution providers.
Sustainability expertise
Impact Labs’ experience in developing the proprietary Digital4Impact Tech Radar, a tool that maps emerging technologies and their capabilities across the sustainability value chain, helped inform the development of the taxonomy framework and guide the process.
4. Structuring the taxonomy around 3 lenses
The Transition Lens: Outlines four critical transitions needed to achieve a Nature Positive transition. They highlight the systemic shift needed to transition from current practices to more sustainable models, aimed at restoring ecosystems, reducing environmental harm, and fostering long-term resilience
The Nature Lens: Maps the complexity of nature and its ecosystems, based on: One Earth Bioregions Framework, TNFD Biomes and the Planetary Boundaries Framework.
The Tech Lens: Provides a comprehensive inventory of technologies & levers for the Nature Positive Transition.
4. Structuring the taxonomy around 3 lenses
The Transition Lens: Outlines four critical transitions needed to achieve a Nature Positive transition. They highlight the systemic shift needed to transition from current practices to more sustainable models, aimed at restoring ecosystems, reducing environmental harm, and fostering long-term resilience
The Nature Lens: Maps the complexity of nature and its ecosystems, based on: One Earth Bioregions Framework, TNFD Biomes and the Planetary Boundaries Framework.
The Tech Lens: Provides a comprehensive inventory of technologies & levers for the Nature Positive Transition.
A CALL FOR CONTRIBUTION
To continuously improve our framework, we have called for contribution of experts on one of the 3 lenses. You can find more details here.
The Impact: Structuring Success and Securing Future Investment
The Nature Tech Taxonomy Framework aims to:
Accelerate Nature-Positive Transition: By providing stakeholders with tools to implement effective nature-positive initiatives.
Enhance Coordination: Facilitating better collaboration among NGOs, companies, financial institutions, and other stakeholders.
Improve Decision-Making: Offering a comprehensive view of available solutions to help stakeholders make informed choices.
Support Financial Viability: Enabling the identification of new financing mechanisms and investment opportunities for nature-positive projects.
