50 Investible Opportunities for a New Nature Economy Supplementary Appendix 2026

45 Floating photovoltaics (FPV) are solar power plants where photovoltaic modules are mounted on floating structures on bodies of water – Resource - positive : By generating solar energy over water bodies, FPV can reduce need for fossil fuel extraction, with its resulting land use change. FPV do not require land, thus preserving agricultural and natural land areas without competing for land resources. Archetype Emerging Nature impact Transformative impact Suitability of financing and de - risking instruments Technological / process maturity Capital intensity Scalability Bonds Loans Equity Other De - risking Commercial bonds Thematic bonds Sustainability - linked bonds Impact bonds Commercial loans Thematic loans / project finance Sustainability - linked loans Impact loans Commercial equity Private equity Venture capital Impact equity Blended finance Insurance Advanced market commitments Legend: Low High Low suitability High suitability Payments for ecosystem services Land ecosystem Ocean ecosystem Freshwater use Resource use Pollution Co - benefits Climate Social ✓ – Emerging technologies : FPV is an emerging but rapidly growing technology with proven pilot projects. – Higher installation costs: Deploying specialized floating structures and equipment is typically higher than ground - mounted systems – Financing suitability characteristics: Platform manufacturers and innovators typically require venture capital and impact equity to support R&D, prototyping, pilots. Blended finance solutions can de - risk investments and mobilize capital for commercial - scale deployments. Public grants and subsidies can support early demonstration projects and accelerate market adoption. Structures leveraging advanced market commitments (e.g., power purchase agreements) from utilities or government - led clean energy programs are suitable. Insurance required for construction, operational risk and liability risks. – Revenue potential : FPV have potential to support the growing demand for renewable energy sources, while avoiding competition with land use. FPVs need to become more cost - competitive relative to non - floating structures. Negative impact Positive impact Value chain target Platform manufacturers Further validation needed Agri, Food & Forestry Chemicals, Plastics & Pharma Construction Materials Energy Mining Technology Transportation & Logistics Cross - sectoral Automotive Fashion & Textiles Leisure Waste Management Metals & Steel Conditions F urther testing of nature impacts vs. ground - mounted PV Financial impact Revenue increase✓ Opex reduction – Capex reduction – Floating photovoltaics (FPV) for solar power FINANCING THE NATURE - POSITIVE TRANSITION