Expected Outcome: Successful proposals will contribute to the impacts of this destination by providing tools to assess the socio-economic impacts, including benefits and costs, of measures aiming at restoring degraded ecosystems ensuring the provision of ecosystem services, including for adaptation and/or mitigation to climate change.

R&I activities are expected to:

• conduct sector-specific assessments to measure the comprehensive economic and social (including employment) impacts and benefits of nature restoration, including their territorial and social distribution, encompassing both the financial effect of economic activities and the non-market benefits (including climate mitigation and adaptation, health and well-being benefits) derived from ecosystem services including provisioning, regulating and cultural services as well as nature’s contribution to people;
• employ a multidisciplinary approach combining at least expertise in economics, ecology, social sciences, geography, sustainability and environmental science as well as system and complexity science to capture the full range of impacts and benefits;
• develop and validate modelling approaches, that can build on existing environmental and socio-economic models, to analyse the economic, social and employment impacts and benefits of nature restoration, including their territorial and social distribution, integrating also biodiversity, ecosystem services and nature’s contribution to people good quality of life including food security;
• enable understanding of the incremental progress in nature restoration between the 2030 and 2050 target years to guide public and private stakeholders in their continued actions through quantification of socio-economic benefits and impacts of individual measures;
• improve the understanding of the possibilities and limitations of tools for socio-economic assessments of nature restoration, particularly with regard to the non-market benefits.