E189 Nathan Curtis & Ben Stansfield

Nature is moving from environmental obligation to financial opportunity. But what does it actually take to turn biodiversity, habitat and ecosystem services into something institutional capital can invest in?

Nath Curtis and Ben Stansfield have spent two decades watching renewable energy evolve from a new, uncertain industry into an investable infrastructure market. Now they are seeing many of the same patterns emerge in natural capital: from BNG and habitat banks to regulation, offtake contracts and the structures needed to bring serious institutional money into nature.

But there are still some big questions. Can government accelerate the market without killing it? Can AI replace parts of professional services without destroying the human expertise clients actually pay for? And what happens when nature becomes a genuinely investable asset class?