View
7
Download
0
Category
Preview:
Citation preview
Getting Greater Environmental
Bang for Your Buck
Environmental Funding & Philanthropy in
Aotearoa New Zealand
Dr Ed Hearnshaw, Chief Economics Advisor
Parliamentary Commissioner
for the Environment• Independent of government of day, provides
advice to Parliament as whole
• Approach is to target issues that are stuck or
would benefit from independent research
• PCE has undertaken considerable amount of
research on climate change & biodiversity in
recent years
Importance of environmental
philanthropy to New Zealand
What does environmental
philanthropy look like
Supporting community
biodiversity conservation
How does the Government
choose who to fund
Looking into the Freshwater
Improvement Fund
How have philanthropists made
investment decisions
Short fall in environmental
funding
Getting more environmental
bang for your dollar
How we often fund
environmental projects
How we might fund projects
through an economic lens
Cost utility analysis!
Investment prior to CUA Investment change due to
CUA
Nationally
endangered
orchids
Maintenance funding
allocated on an annual basis
across a range of threatened
species of which these were
only a segment. The
available funding allocated
on a proportional basis
across all species without
regard for the level of
investment required to
improve conservations status
Cost utility analysis identified
actual investment required for
improving conservation &
environmental outcomes for
the 11 species. This larger
level of funding has since
been allocated over a three
year investment cycle.
Philanthropy & Impact
Investing
Source: Skees Family Foundation
Crowdfunding
Private-public partnerships
Source: Graeme Dainty, Department of Conservation
Green Bonds
Questions to ponder
• Is the idea of philanthropic support for ‘biodiversity
hubs’ to coordinate community group efforts useful?
• What experiences have you had in finding out the
value-for-money of environmental funds?
• How could new impact investing efforts (e.g. green
bonds) be leveraged to increase funding for
environmental projects?
Recommended