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Promoting investments in NBS and accelerating market uptake by gaining a better understanding of the economic performance of NBS, considering climate mitigation and risk reduction

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.

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Keywords

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Programme(s)

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Topic(s)

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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.

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.

(opens in new window) HORIZON-CL6-2021-BIODIV-01

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Coordinator

JOANNEUM RESEARCH FORSCHUNGSGESELLSCHAFT MBH
Net EU contribution

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.

€ 703 187,50
Address
LEONHARDSTRASSE 59
8010 GRAZ
Austria

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Region
Südösterreich Steiermark Graz
Activity type
Research Organisations
Links
Total cost

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.

€ 703 187,50

Participants (14)

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