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Unlocking Space Data for Green Financing and Insurance

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GrowGreen targets the “Green financing and insurance” priority area, where space technologies are set to boost transparency and climate-risk management for sustainability-linked finance and coverage. It is set to remove a bottleneck in agricultural green lending and insurance: climate risk and sustainability performance often remain hard to observe and verify at parcel level, driving conservative underwriting and limiting access to capital for farmers and agri-enterprises. GrowGreen is designed as a finance-grade, parcel-linked evidence infrastructure embedding Copernicus Earth Observation and Galileo-enabled positioning into bank and insurer workflows. An ex-ante intelligence layer is set to combine drought/flood susceptibility, climate-exposure profiling, yield and climate-impact projections, and forward-looking risk indicators, enabling faster and more differentiated credit assessment and underwriting. After approval, an MRV framework is set to deliver time-stamped, georeferenced evidence for vegetation and productivity anomalies, early warning, flood detection, EO-based compliance checks for selected practices, and environmental performance scoring, reinforced by GNSS telemetry that supports verification of field operations across mixed machinery fleets. Decision-support services and an explainable conversational assistant are set to translate outputs into auditable insights via secure APIs integrated with institutional IT systems. Impact and transferability are set to be demonstrated through cross-country demonstrators engaging banks, insurers, farmer organisations, and auditors, validating risk differentiation, monitoring reliability, audit readiness, and user acceptance. By reducing information asymmetry and strengthening MRV, GrowGreen is set to accelerate EU space-data uptake in green finance and insurance, improving risk pricing, reducing greenwashing risk, and widening access to climate-resilient finance for European agriculture.

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HORIZON-IA - HORIZON Innovation Actions

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AGRICULTURAL APPLICATIONS IKE
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Griechenland
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Βόρεια Ελλάδα Κεντρική Μακεδονία Θεσσαλονίκη
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Beteiligte (8)