Understanding the local economic impacts of natural capital investment

Footnotes

1. See Glossary for more details on I-O models.

2. Scottish Government webpage where Scotland's National Strategy for Economic Transformation (NSET) can be downloaded: Scotland's National Strategy for Economic Transformation - gov.scot (www.gov.scot)

3. Scottish Government webpage where the SG's Interim Principles for Responsible Investment in Natural Capital can be viewed: Interim Principles for Responsible Investment in Natural Capital - gov.scot (www.gov.scot)

4. NatureScot webpage where NatureScot's report on nature-based jobs and skills can be downloaded: NatureScot Research Report 1257 - Supporting a green recovery: an initial assessment of nature-based jobs and skills | NatureScot

5. Green Finance Institute (GFI) webpage where GFI's Finance Gap for UK Nature Report can be downloaded: Finance Gap for UK Nature Report (greenfinanceinstitute.co.uk)

6. Taskforce on Nature-related Financial Disclosures (TNFD) webpage with details of the TNFD beta release framework: Welcome to the TNFD Nature-Related Risk & Opportunity Management and Disclosure Framework » TNFD

7. Office for National Statistics (ONS) webpage with details of the UK Standard Industrial Classification (SIC) Hierarchy: UK Standard Industrial Classification (SIC) Hierarchy (onsdigital.github.io)

8. See Input-Output section below for more details.

9. See Glossary for more details.

10. See explanation of these terms in the glossary.

11. Skills Development Scotland (SDS) webpage where the Climate Emergency Skills Action Plan (CESAP) can be downloaded: climate-emergency-skills-action-plan-2020-2025.pdf (skillsdevelopmentscotland.co.uk)

12. NatureScot webpage where the NatureScot nature-based jobs and skills action plan can be downloaded: Nature-based jobs and skills Action Plan 2021-2022 | NatureScot

13. Leakage is the extent to which job effects 'leak out' of a target area into others. Displacement is the extent to which an increase in economic activity promoted by an intervention is offset by reductions in economic activity elsewhere. Substitution is a situation where firms or consumers substitute one activity for another as a result of intervention. Deadweight refers to outcomes that would have occurred without the intervention.