Evidence map›Paper›PMID 39910373›Full record

ReviewNature ecology & evolution2025

The current state, opportunities and challenges for upscaling private investment in biodiversity in Europe.

Sophus O S E Zu Ermgassen, Isobel Hawkins, Thomas Lundhede, Qian Liu, Bo Jellesmark Thorsen, Joseph W Bull

Abstract readReview
In one paragraph

Review in Nature ecology & evolution, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.

0numbers the graph read from it
0cells of the map it votes in
4citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

4 citing papers in PubMed.

  1. Article
  2. Biodiversity isn't measured in tons: Making sense of nature in the context of sustainable agriculture.Ecological applications : a publication of the Ecological Society of America · 2026
    Review
  3. Review
  4. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

6 authors.

Sophus O S E Zu ErmgassenNature-positive Hub, Department of Biology, University of Oxford, Oxford, UK. sophus.zuermgassen@biology.ox.ac.uk.ORCID http://orcid.org/0000-0001-6044-3389
Isobel HawkinsNature-positive Hub, Department of Biology, University of Oxford, Oxford, UK.
Thomas LundhedeDepartment of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark.
Qian LiuDepartment of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark.
Bo Jellesmark ThorsenDepartment of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark.ORCID http://orcid.org/0000-0002-3305-8343
Joseph W BullNature-positive Hub, Department of Biology, University of Oxford, Oxford, UK.ORCID http://orcid.org/0000-0001-7337-8977

Funding

EC | Horizon 2020 Framework Programme (EU Framework Programme for Research and Innovation H2020) GA-101036849
6 · The paper itself

Abstract

European countries have committed to ambitious upscaling of privately funded nature conservation. We review the status and drivers of biodiversity finance in Europe. By implementing semistructured interviews with 25 biodiversity finance key informants and three focus groups across Europe, we explore opportunities and challenges for upscaling private investment in nature. Opportunities arise from macroeconomic and regulatory changes, along with various technological and financial innovations and growing professional experience. However, persistent barriers to upscaling include the ongoing lack of highly profitable investment opportunities and the multitude of risks facing investors, including political, ecological and reputational risks influencing supply and demand of investment opportunities. Public policy plays the foundational role in creating and hindering these mechanisms. Public policy can create nature markets and investment opportunities, meanwhile agricultural subsidies and poor coordination between public funding sources undermine the supply of return-seeking investment opportunities. Investors demand derisking investments from uncertainties; in part caused by political uncertainty. These markets require profound state intervention to enable upscaling whilst achieving positive ecological outcomes; private investment will probably not upscale without major public policy change and public investment.

Indexed as

BiodiversityConservation of Natural ResourcesInvestmentsPrivate SectorEuropePublic Policy

Identifiers

PMID39910373
PMCPMC11893444

What OpenQuestion holds

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LicenceCC BY
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.