Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
The risk landscape has changed significantly over the last decades. With new and emerging risks and risk magnifiers such as climate change, cyber threats, infectious diseases and terrorism, countries need to anticipate and prepare for the unexpected and difficult to predict. High-impact, low-probability risks (HILP/Hi-Lo) can be understood as “events or occurrences that cannot easily be anticipated, arise randomly and unexpectedly, and have immediate effects and significant impacts”.
High-impact, low-probability events (HILP) and their cascading effects raise many challenges for governments, businesses and decision-makers, including defining where the responsibilities lie in preparing for both individual shocks and slow-motion trends (e.g. global warming, tipping points, sea level rise) that tend to increase their magnitude and frequency.
High-impact, low-probability risks (HILP/Hi-Lo) can manifest themselves not only as one-off high-profile crises and mega-disasters (e.g., Fukushima Daiichi Nuclear Accident, eruption of the Eyjafjallajökull volcano, 9/11 terrorist attack in the U.S. and COVID-19 pandemic) but also as lower-profile, persistent events with equally serious impacts such as flooding, droughts and cyclones which, owing to the low likelihood of occurrence or the high cost of mitigating action, remain un- or under-prepared for.
To get the right balance between planning for specific ‘known’ events and creating generic responses for events that are rare or unexpected, research should support the anticipation and management of shock events through improving planning processes, establishing broader risk-uncertainty frameworks that capture such events, enhancing business resilience and responses to shocks, and stepping up communications in a crisis.
100%
Expected EU contribution: €5 million
This topic requires a multidisciplinary consortium involving:
For all the participants above, applicants must fill in the table “Eligibility information about practitioners” in the application form with all the requested information, following the template provided in the submission IT tool.
If projects use satellite-based, positioning, navigation and/or related timing data and services, beneficiaries must make use of Galileo/EGNOS (other data and services may additionally be used). The use of Copernicus for earth observation is encouraged.
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Scientific Officer
Contact Phone: +357 22 20 50 38
Contact Email: itheodorou@research.org.cy
Christakis Theocharous
Scientific Officer A’
Contact Phone: +357 22 20 50 29
Contact Email: ctheocharous@research.org.cy
European Commission, Directorate-General for Research and Innovation
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