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CORDIS

We Value Nature

Project description

Ensuring European businesses value nature

Our limited natural ecosystems are precious and must be valued under the green economy. The EU Valuing Nature Programme (EU-VNP) and EU Valuing Nature Network of Networks (EU-VNN) work to unravel our understanding of the complexities of the natural environment in valuation analyses, and to define the value of nature also in economic terms. In this context, the aim of the EU-funded EU-VNP-Net project is to establish, support and energise an EU-VNN and EU-VNP priorities. It will build synergies and collaborations among relevant existing and emerging networks, accelerate mainstreaming, operationalisation of natural capital (NC) by businesses across the EU, as well as the NC accounting (NCA), nature-based solutions (NBS) and green infrastructure (GI) to achieve change in decision-making in favour of sustainable, green economy.

Objective

The overall objective of EU-VNP-Net is to establish, support and energise an EU Valuing Nature Network of Networks (EU-VNN) and to implement a prioritised EU Valuing Nature Programme (EU-VNP) that, together, build synergies and collaborations among relevant existing and emerging networks (global, EU, national, sector, thematic, research and innovation), accelerate mainstreaming and operationalization of natural capital (NC) by businesses across the EU – in particular through uptake of NC assessment, NC accounting (NCA), nature-based solutions (NBS) and green infrastructure (GI) – and thereby contribute to the green economy and sustainable development. The EU-VNP will: (1) bring together, taking stock of and showcase relevant work being undertaken in the EU; (2) shape business perception in the EU of the value of nature as a business opportunity and as a means of reducing business risk and fostering sustainable business; (3) facilitate corporate uptake in the EU of the Natural Capital Protocol, which enables businesses to integrate NC in to business decision-making frameworks and models; (4) stimulate uptake in the EU of NCA so that businesses and their stakeholders are better aware of the value of nature in relation to business, and strengthen coherence between private and public sector work on NCA; (5) stimulate uptake in the EU of NBS, GI and related ecosystem-based solutions that enable businesses to reduce impacts and dependencies on NC and deliver benefits for both nature and business; (6) ensure that approaches adopted are optimal and scientifically rigorous; (7) explore options for a longer-term EU-VNN and/or EU-VNP beyond end of project. EU-VNP-Net will deliver impact through: (1) mainstreaming NC assessment, NCA, NBS and GI in business decision-making frameworks and models; (2) business decision-makers acknowledging the micro-and macro-economic relevance and value of NC approaches; (3) attracting private and public funding for further adoption.

Call for proposal

H2020-SC5-2018-2019-2020

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Sub call

H2020-SC5-2018-1

Coordinator

INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES
Net EU contribution
€ 976 861,25
Address
CHARTERED ACCOUNTANTS HALL MOORGATE PLACE
EC2R 5EA London
United Kingdom

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Region
London Inner London — West Camden and City of London
Activity type
Research Organisations
Links
Total cost
€ 976 861,25

Participants (4)