# Challenge fund to support solutions that measure the value of nature

- Link: https://fundraising.co.uk/2022/06/15/challenge-fund-to-support-solutions-that-measure-the-value-of-nature/
- Published: 2022-06-15T15:18:12+01:00
- Author: Howard Lake

**A global challenge fund will award up to AU$75,000 in funding for “innovative 
and scalable solutions to the climate crisis with a focus on measuring the value
of nature”.**

Global impact firm [Palladium](https://thepalladiumgroup.com/) has launched the 
2022 Palladium Challenge Fund: Measuring the Value of Nature.

For the past 20 years, Palladium has committed 1.5 per cent of its profit before
tax to funding humanitarian relief efforts, supporting community projects, and running
an annual Challenge, through which Palladium solicits and funds ideas to tackle 
major global issues.

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 *  **SEE ALSO: [Is it time for an X Prize for fundraising?](https://fundraising.co.uk/2017/02/16/time-for-an-x-prize-for-fundraising/)(
   16 February 2017)**

The Palladium Challenge Fund brings in ideas from its network in over 90 countries
to source innovative responses to global challenges.

## **The Palladium Challenge Fund: ‘Measuring the Value of Nature’**

Palladium is looking for proposals that answer the question** **“How do you ensure
that nature-based solutions are benefitting people and the planet?”

Entries are encouraged from organisations and entrepreneurs whose solutions can 
address the management, monitoring and valuation of nature-based solutions. 

The fund was set up in response to the fact that, due to systemic failings within
our economic approach, destroying nature seems to be more economically valuable 
than protecting it. Of course, the opposite is true: the benefits of conserving 
nature-rich sites, forests and ecosystems far outweigh the potential profit of using
these lands for resource extraction.

## Which ideas is Palladium looking for?

Palladium’s Climate and Environmental Finance, and Nature-Based Solutions teams 
will be looking for ideas that:

 * Pilot new technologies and / or innovative approaches to valuing nature
 * Provide tools for measuring the effectiveness of nature-based solutions
 * Create frameworks for businesses to measure their environmental footprint and
   match them to potential solutions

Sinéad Magill, Palladium Managing Partner, said:

> “The future demands new thinking, new approaches, and new solutions. Around the
> world, our teams are implementing nature-based solutions and experimenting with
> different means of measurement, and the solutions that could emerge from the Challenge
> Fund have the opportunity to significantly impact the sector as a whole.”

The funds will be administered to grant winners by [Kyeema Foundation](http://www.kyeemafoundation.org),
with whom Palladium has partnered since 2003. Winning projects will benefit both
from Kyeema’s established track record as a trusted NGO and Palladium’s global footprint
and resources.

Applications are open until** 31 July 2022**.

To find out more and to make an application visit the [Let’s Make it Possible](http://letsmakeitpossible.com/)
website or contact [pa*******@**************on.org](https://fundraising.co.uk/2022/06/15/challenge-fund-to-support-solutions-that-measure-the-value-of-nature/pa*******@**************on.org).

You can read [about the winners of last year’s challenge](https://thepalladiumgroup.com/news/Valuing-Nature-Palladium-Announces-Challenge-Fund-Winners)
fund.

## More challenge fund initiatives

 * [Environmental Earthshot Prize launches to find solutions to the planet’s greatest issues](https://fundraising.co.uk/2020/01/06/environmental-earthshot-prize-launches-to-find-solutions-to-planets-greatest-issues/)(
   6 January 2020)
 * [Finalists announced in Water Abundance X Prize competition](https://fundraising.co.uk/2018/03/22/finalists-announced-in-water-abundance-xprize-competition/)(
   22 March 2018)
 * [Global competitions seeks ideas to transform fundraising](https://fundraising.co.uk/2020/10/21/global-competition-seeks-ideas-to-transform-fundraising/)(
   21 October 2020)