Nature-based solutions, prevention and reduction of risks and the insurance sector

Closed

Programme Category

EU Competitive Programmes

Programme Name

Horizon Europe (2021-2027)

Programme Description

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.

Programme Details

Identifier Code

HORIZON-CL6-2021-BIODIV-01-06

Call

Nature-based solutions, prevention and reduction of risks and the insurance sector

Summary

This topic aims to support the development of policies, business models and market conditions to scale up and speed up the implementation of nature-based solutions (NBS). It will contribute to the wider deployment of NBS and to fully reaping their economic, social and environmental benefits in order to build a competitive sustainability in Europe and to tackle climate change. 

Detailed Call Description

The successful proposal should:

  • Establish a network and the needed collaborative and participatory arrangements and spaces between all relevant stakeholders in risk reduction across scales: insurers and re-insurers, financing bodies (e.g. the EIB and other investors), farmers associations, relevant actors from the scientific community and potential links to other relevant initiatives (such as the Covenant of Mayors);
  • Facilitate a dialogue at different levels of such a network of stakeholders on potential opportunities, strategies or mechanisms to foster collaborative action for a more robust decision-making and for increased risk prevention through NBS;
  • Identify risk-related data requirements, mechanisms, existing tools, and opportunities for better data sharing to identify areas at risk and potential areas of intervention through NBS or hybrid approaches;
  • Support the establishment of secure and efficient data sharing mechanisms between local authorities, insurers and the private sector, taking into appropriate consideration data privacy issues;
  • Develop agreed and robust metrics for the quantification of risk reduction performance, and/or ways to assess risk mitigation potential from NBS, including better integration of NBS models and catastrophe models, damage estimates under climate change scenarios and avoided damages;
  • Identify financing options and existing success stories for NBS investments from insurance companies, including through blending mechanisms;
  • Identify new insurance products that are transparent and affordable in terms of risk premiums and/or pooling of risks;
  • Highlight best practices, and remaining gaps, related to the use of NBS to reduce and control risks, considering the type of hazard, location, and scale of intervention;
  • Identify specific case studies related to NBS and reduction of risk in EU policies and strategies.

Applicants should create synergies with projects under the same topic and other relevant ongoing or up-coming projects,  as well as include dedicated tasks and appropriate resources for coordination measures, foresee joint activities and joint deliverables.

Proposals should ensure that project outputs are accessible through the Oppla portal.
This topic should involve the effective contribution of SSH disciplines.

Call Total Budget

€4,00 million

Financing percentage by EU or other bodies / Level of Subsidy or Loan

100%

EU contribution per project: € 4,00 million

Thematic Categories

  • Environment and Climate Change
  • Regional Development
  • Research, Technological Development and Innovation
  • Urban Development

Eligibility for Participation

  • Central Government
  • Farmers Unions
  • Local Authorities
  • Private Bodies
  • Researchers/Research Centers/Institutions
  • State-owned Enterprises

Call Opening Date

22/06/2021

Call Closing Date

06/10/2021

National Contact Point(s)

Research and Innovation Foundation

Strovolos Avenue 123, 2042 Nicosia, Cyprus, P.O.Box 23422, 1683 Nicosia
Email: support@research.org.cy
Website: https://www.research.org.cy/

Dr Angelos Ntantos
Scientific Officer
Telephone: 35722205033
Email: antantos@research.org.cy

Dr Ioannis Theodorou

Scientific Officer
Telephone: 35722205038
Email: itheodorou@research.org.cy

(Publish Date: 18/08/2021-for internal use only)