RDE409 - Marine Net Gain market analysis and economic data (NZ33)

Award outcome

Description

To gather economic data and information and report on a range of factors that will influence policy design and initial understanding on the supply and demand of a marine net gain market. This includes; 1. Collating information on available methods/techniques for achieving marine net gain (utilising existing evidence sources to develop list that can be used to for cost information analysis) 2. Collecting data and information on the costs of delivering the MNG intervention (summarised from 1), considering the full cost profile (e.g., capex, opex and lifecycle), and maintenance costs. Working from examples, case studies and expert input to identify the range of costs to implement key MNG measures. 3. Collecting information from marine stakeholders to investigate the motivation and resources to help marine biodiversity and invest in generating MNG supply. This will need to explore the opportunities for innovation, existing and developing voluntary approaches and pilots. Understanding collaboration and funding opportunities. 4. Estimating future trends in marine infrastructure/development in scope of MNG that will be driving demand, including location, scale and emerging technologies. This should be based on historical trend analysis and current commitments, it also should explore what can be done to build on existing work by ABPmer, Strategic Task and Finish Group and The Crown Estate Whole of Seabed approach. It also should be supported with contextual economic information for the marine industries, in particular profit, capex, opex etc. This will need to consider all development types in scope for MNG, but also consider how to account for delineation in developments (or proportion of developments) already covered by BNG in the intertidal. The contract was awarded by DEFRA.

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