Project description
Assessing the performance of nature-based solutions
Nature-based solutions (NbS) can help to sustainably manage natural features and processes to address socio-environmental challenges such as climate hazard risks, pollution and biodiversity. The EU-funded NATURANCE project will examine the technical, financial and operational feasibility and performance of solutions built on a combination of disaster risk financing and NbS investments. The project will connect major knowledge networks, and initiate and organise innovation finance and policy labs. Moreover, it will analyse policy and governance conditions, models, methods, scenarios and metrics used for assessing the risk-reduction performance of NbS. Finally, it will promote the adoption of jointly laid out principles, performance metrics and recommended approaches to analysis and design aligned with the EU sustainable finance framework.
Objective
Nature-Based Solutions (NbS) can provide means to regulate GHG in the atmosphere, mitigate climate hazard risks - through mass stabilisation, water flow regulation, wind dissipation, and temperature regulation - remove particle pollution and im-prove air quality, protect soil and biodiversity, and enhance climate resilience. The Naturance project will examine technical, financial and operational feasibility and performance of solutions that are built upon and combine disaster risk financing & investments with nature-based solutions. To this end we will stimulate dialogues, knowledge sharing and mutual learning across different areas of policy and practice. Our ambition is not only to produce a comprehensive and collaborative assessment of nature-based insurance and investment solutions from societal and business perspective: our ultimate goal is to encourage adoption of jointly elaborated principles, performance metrics and recommended approaches to analysis and design, in accordance with EU framework for sustainable finance.
The project will
Establish a ‘Network of existing networks’ by connecting existing major knowledge networks and fostering cross-domain knowledge sharing and collaborative marketplace for innovative nature-based insurance & in-vestment solutions.
Initiate and organise innovation finance and policy labs seeking to assess existing and explore new areas for insurance & investment solutions and revenue models supporting NbS.
Analyse policy and governance conditions that are conducive to or hamper adoption of sustainable and equitable innovative green insurance and investment solutions for NbS and identify examples of inspirational practice and policy reforms unlocking their business potential and scaling up their deployment.
Analyse models, methods, scenarios and metrics used for assessing risk-reduction performance of NbS, as well as their wider societal benefits, and contribute to a better integration of ecosystem and economic risk modelling.
Build awareness and capabilities for green financial innovations, so to creating conditions for inclusive and transformative change in regions embarked in the Mission on climate adaptation & societal transformation.
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: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- social sciences sociology governance
- natural sciences earth and related environmental sciences environmental sciences pollution
- natural sciences biological sciences ecology ecosystems
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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-CSA - HORIZON Coordination and Support 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.
73100 Lecce
Italy
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.