By Andrei Skvarsky.
Rewilding, the practice of returning land to its natural state, can bring serious financial profits, a British financier and environmentalist argued at a conference earlier this month.
A recent project to rewild marshes and forest land in Somerset was one example cited at the Sustainable Finance Week conference in Guernsey by Ben Goldsmith, founder and chief executive of London-based investment company Menhaden Resource Efficiency and chair of British environmental group Conservative Environment Network,.
The project has resulted in a flurry of visits by “international tourists, walkers, cyclists, and local school groups” to the English county, the Guernsey Finance marketing, communications and business development agency cited Goldsmith as saying.
Another example given by Goldsmith was the British government’s Environmental Land Management scheme, a project to protect habitats, improve water quality, reduce carbon emissions and increase resilience to floods, drought, pests and diseases.
The scheme has generated 40,000 agreements covering 34 per cent of agricultural land and is expected to cover about 70 per cent of farmland under about 70,000 anticipated agreements by 2028.
In Pakistan, $40m has been raised through investment under a mangrove forest area restoration project. The scheme has an investment target of $12bn.
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