Project description
Investing in the potential of nature-based solutions: a win-win for market and environment
The range of nature-based solutions (NBS) is supported mainly by a high level of public funding. A market for NBS has yet to emerge. More understanding and awareness of the array of the economic and societal benefits of NBS are needed to back the business and investment case for these solutions. The EU-funded Invest4Nature project is committed to advancing knowledge of the economic and financial performance of NBS, considering their role for climate change mitigation and risk reduction. Efforts are aimed at promoting upscaling of and investments in NBS and accelerating market uptake. By empowering stakeholders, Invest4Nature has set its sights on enabling the creation and structure of a future NBS market.
Objective
Currently there is a range of Nature-based solutions (NBS) emerging mostly with strong public funding elements, but a market for NBS has not yet emerged. While mostly small scale NBS are implemented as pilots for urban resilience to climate change the full range of economic and societal benefits for NBS are not systematically understood and mapped and are not sufficiently used to back the business and investment case for NBS. The numerous benefits may include mitigation and adaptation to climate change (including the reduction of urban heat island effect and flood mitigation), reduction of pollution, improved biodiversity and ecosystem services, increased well-being for citizens, including physical and mental health or recreation, social cohesion, and community building. While effort for climate change mitigation and adaptation are increasing, the role of NBS in this context is not well understood. In particular, risk reduction of NBS for the private and public insurance sector has not yet been systematically included in economic valuation of NBS. Holistic understanding of benefits and benefit flows however are important for the society including upscaling and maximising the benefits achievable with NBS and activation financing for NBS. The overall project aim of Invest4Nature is to gain a better understanding of the economic and financial performance of NBS, considering their role for mitigation as well as climate risk reduction, to promote upscaling and investments in NBS, and to accelerate market uptake. The project has a strong involvement of stakeholders to co-produce solutions, having several NBS Living Labs and a wide NBS community (including project developers, decision makers and funding and financing institutions) at hand, co-producing new evaluation and financing approaches as well as tools, covering NBS in different contexts (e.g. urban, rural, coastal). This is the basis for empowering stakeholders and create and structure a future NBS market.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences earth and related environmental sciences environmental sciences pollution
- natural sciences earth and related environmental sciences atmospheric sciences climatology climatic changes
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.2.6 - Food, Bioeconomy Natural Resources, Agriculture and Environment
MAIN PROGRAMME
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HORIZON.2.6.2 - Biodiversity and Natural Resources
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-RIA - HORIZON Research and Innovation Actions
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-CL6-2021-BIODIV-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
8010 Graz
Austria
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.