# The Enabling Environment supporting the development of the enabling environment conditions needed for regenerative organizations to succeed – deepening and expanding markets for regenerative activities; creating regenerating pools of funding to support management of common assets and public goods; raising aligned investment Common assets (also referred capital; leveraging derisking approaches; and creating cutting edge, integrated MRV to as commons) – A type of strategies. resource that is collectively owned, used, or engaged with by a group of people. Figure 9. Schematic structure of Bioregional Financing Facilities Commons can range from local resources like forests, fisheries, and urban spaces, Market-rate Supply Nature- FINANCIAL Donations Philanthropic Grants Public Grants Crowd- funding Eco- Credits Investment Concessional Capital ChaiÎ Guarantees based to global resources like the RESOURCES Capital Finance Currencies biosphere, atmosphere, digital networks, and data. Elinor Ostrom's work challenged Capitalising Reporting + Returns the traditional notion that Collaborating on commons are inevitably integrated MRV subject to degradation or Bioregional Financing Facilities Bioregional Hub(s) overuse ("the tragedy of the Seeding Bioregional
 Bioregional Resourcing commons"), and instead INTERMEDIARIES Bioregional Bioregional Trust Investing Venture
 Studio Investment Compané Bank Bioregiona l demonstrated through Profits Governing Stakeholders empirical studies that communities are capable Capital `llocation, of developing effective Incubation, Portfolio 4 Returns Structuring Data Collection & Capacity rules and institutions to Building sustainably manage and govern commons over the long term.132 “Commoning” Projec t Projec t Projec t Projec t Projec t RE ENERATORS 1 2 3 4 n and “re-commoning” are also coming into increasing use as Systemic Coordination verbs to describe the practice of forming and governing new commons or recovering As described in Figure 5 (Section 2), BFFs have the potential to become the historical commons from a present privatized state. connective tissue between various sources of financial capital and grassroots regenerative actors, large land and water projects, and tools and technologies Public good – In economics, a supporting these actors and the economic transition. BFFs can bring much needed “public good" refers to anything financial capital into the mycelial network of bioregional regenerators and bring the that is both non-excludable integrated benefits of regeneration (we use the 4 Returns framework) to financial and non-rivalrous, meaning capital providers, land and water stewards, and all of the life in the bioregion. people cannot be barred access, and one person's use It is up to the Bioregional Organizing Team to decide on the appropriate time to doesn't degrade another's.133 begin the design and implementation of Bioregional Financing Facilities in their Street lights, public databases, bioregion. The team may need to call in specialized expertise134 to support them in and open-source patents or this work. code are all examples. Public goods are different from common assets, which can be rivalrous and made excludable through governance. countries that voluntarily assume obligations of developed country Parties, to developing countries, in particular the least developed countries and small island developing States, as well as countries with economies in transition, to at least $20 billion per year by 2025, and to at least $30 billion per year by 2030.” 132 Elinor Ostrom: Governing the Commons: The Evolution of Institutions for Collective Action 133 Wikipedia: Public good (economics). 134 A network of consultants working on landscape, watershed, and bioregional-level finance is coming together to support bioregions in this work and will be invited to join the forthcoming BioFi Community of Practice.