European project Invest4Nature to boost investments in nature-based solutions
15 European partners of the new EU-funded project Invest4Nature met on October 10-12 2022 for the project’s kick-off event in Graz. Over the course of 4 years, 15 partners will contribute to a better understanding of the economic and financial performance of nature-based solutions. As a project partner, Steinbeis Europa Zentrum coordinates the communication activities, the dissemination and exploitation of the project results and is responsible for the financial management of the whole project.
The world is experiencing a severe climate and biodiversity crisis. The EU’s strategy to tackle this crisis – the Green Deal - considers nature-based solutions as a key measure. Therefore, it supports projects that contribute its further development. The environmental, social and economic benefits of the solutions are manifold: from the mitigation and adaptation to climate change (including the reduction of urban heat island effects and flood mitigation) to the increased well-being for citizens.
However, these benefits are not yet fully understood and there is currently no standard method to calculate the economic and financial benefits of such nature-based solutions e.g. in the reduction of climate risks which are important for financial stakeholders such as investors and insurances.
Over the course of 4 years, 15 partners of Invest4Nature will contribute to a better understanding of the economic and financial performance of nature-based solutions. The improved understanding is needed to promote upscaling, to attract investments in the measures and to serve as a basis for the development of a market to enable a broad deployment of nature-based solutions.
Invest4Nature will:
- Create an evaluation framework of nature-based solutions to allows the valuation of risks reductions by NBS as well as sound cost-benefit analyses and the development of business models,
- Provide evidence on the benefits NBS in in coastal, urban, rural and mountainous scenarios by evaluating 5 existing cases in Norway, Denmark, Poland, Austria and Portugal which will serve as Living Labs,
- Develop a Decision Support System (DSS) and a communication toolbox for nature-based solutions to meet the needs of investors.
Invest4Nature (full name: 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) combines the expertise of 15 organisations from 11 European countries, including universities, research organisations, NGOs, SMEs and municipalities.
The Invest4Nature consortium consists of the following members:
JOANNEUM RESEARCH FORSCHUNGSGESELLSCHAFT MBH, AUSTRIA (COORDINATOR)
STEINBEIS EUROPA ZENTRUM (STEINBEIS 2I GMBH), GERMANY
NORSK INSTITUTT FOR VANNFORSKNING, NORWAY
HORIZON NUA INNOVATION, IRELAND
AARHUS UNIVERSITET, DENMARK
CLIMATE ALLIANCE - KLIMA-BUENDNIS – ALIANZA DEL CLIMA e.V., GERMANY
OPPLA EEIG, NETHERLANDS
ENGINEERING - INGEGNERIA INFORMATICA SPA, ITALY
EMAC EMPRESA MUNICIPAL DE AMBIENTE DE CASCAIS EM SA, PORTUGAL
MELOMYS ADVISORY, LATVIA
FONDAZIONE CENTRO EURO-MEDITERRANEO SUI CAMBIAMENTI CLIMATICI, ITALY
AARHUS KOMMUNE, DENMARK
KLIMABUNDNIS TIROL, AUSTRIA
MIASTO POZNAN, POLAND
U-SENTRIC BVBA, BELGIUM
Project Coordinator
Andreas Tuerk, Joanneum Research
andreas.tuerk@joanneum.at / ingrid.kaltenegger@joanneum.at
Main Press Contact
Regine Wehner, Steinbeis 2i GmbH
regine.wehner@steinbeis-europa.de
Wissenschaftlicher Ansprechpartner:
Project Coordinator
Andreas Tuerk, Joanneum Research
andreas.tuerk@joanneum.at / ingrid.kaltenegger@joanneum.at
Weitere Informationen:
http://Invest4Nature twitter channel via @Invest4N
http://LinkedIn channel via @Invest4Nature
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