Economic growth has historically come at nature's expense. That model is reaching its limits.
Competitiveness now favors economies that work with natural systems rather than against them.
Planetary boundaries7 / 9
Planetary boundaries breached
Planetary Health Check · 2025 ↗ Sovereign cost · up to$205bn
Extra annual sovereign interest by 2100
High-emissions scenario (RCP 8.5). Upper end of a US$137–205bn estimate.
Cambridge research · 2021 ↗ Ecosystem collapse$2.7tn
Potential annual global GDP loss by 2030
Partial ecosystem-collapse scenario · US dollars.
World Bank · 2021 ↗
The correction is underway
For decades, nature and climate costs have gone unpriced — an accumulating liability that markets, regulators, and balance sheets are only beginning to recognize. With seven of nine planetary boundaries now breached, the economic consequences are no longer theoretical.
These risks will materialize in abrupt, non-linear ways — from sovereign and corporate credit downgrades that raise the cost of capital, to supply chain disruptions, heat-driven productivity losses, and mounting constraints on energy systems and other critical sectors.
The advantage will go to companies and investors that treat nature as an economic input rather than an externality — those that understand the value of resilient supply chains, coastal protection, and secure freshwater.
Why capital isn't flowing
There is no shortage of capital for nature and climate, and no shortage of ambition. Yet capital is not reaching projects and assets at anywhere near the scale required.
In our view, the reason is practical rather than structural. These markets do not clear on their own because the path from a credible project to an investable asset is broken at multiple points:
Execution capacity — the ability to deliver on the ground
Cost-effective design — solutions that work in the real world
Confidence and trust — between counterparties who rarely speak the same language
The business case — framed so it holds up on all sides of a transaction
What Perennial does
Design → Diligence → Structuring → Implementation
Perennial exists to close these gaps — not at a single point, but across the entire continuum.
We work end to end: from transaction, blended facility, and fund design, through due diligence and investment structuring, to programme implementation on the ground. Because we carry engagements across this full chain, we see where deals stall and why — and can resolve bottlenecks that single-mandate advisors cannot.
Our aim is not simply to advise on transactions, but to build the conditions under which nature and climate markets begin to clear on their own — working with clients as long-term strategic partners, backed by deep in-house experience and a demonstrated track record.