Unlocking of financial resources for investments into climate resilience

Opened

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-MISS-2022-CLIMA-01-02

Call

Unlocking of financial resources for investments into climate resilience

Summary

This topic is expected to support regions and communities participating in the Mission with developing investment strategies, including identifying, innovating and, to the extent possible testing, solutions that help to mobilise financing and resources, throughout their transformational journey to climate resilience.

Detailed Call Description

This topic contributes to the three objective of the Mission and corresponds to one of the thematic research and innovation areas described in the Mission Implementation Plan aiming to mobilise and improve the articulation of funding and financing from various public and private sources at different levels (EU, national, regional and local).

The proposal is expected to:

  • Provide direct pragmatic, hands-on advisory support to the regions and communities on how to mobilise, access and combine in practice various financing sources for climate resilience.
  • Undertake research and test innovative financing solutions using the activities ongoing in the regions and communities as case studies to better understand their success factors and boundary conditions and to explore and experiment with new innovative ways of mobilising and financing for climate resilience, feeding this information back to all regions and communities.
  • While undertaking the above, to ensure synergies between the Mission and other relevant programmes and initiatives engaged in mobilisation and articulation of finances for climate resilience transformations at local, national, and European level and to share relevant knowledge and experience made in the Mission more broadly.

Proposals should take in full consideration the local dimension of climate change and climate adaptation strategies, clarify how they would ensure a meaningful engagement with local communities as well as stakeholders to ensure, among others, the mobilization of local knowledge, and outline how they would contribute to achieving a just transition to climate resilience.

Proposals should include a process and criteria for how to identify the regions and communities most relevant to become test beds for the proposed solutions, starting from those where Mission relevant activities are already ongoing. Priority should be given to regions or communities with high vulnerability , limited resources and/or low adaptive capacity to climate change impacts.

Call Total Budget

€6,00 million

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

100%

EU contribution per project: between €5,00 and €6,00 million

Thematic Categories

  • Environment and Climate Change

Eligibility for Participation

  • Central Government
  • Financial Institutions
  • Investment Funds
  • Large Enterprises
  • Local Authorities
  • Natual person / Citizen / Individual
  • Small and Medium Enterprises (SMEs)
  • State-owned Enterprises

Eligibility For Participation Notes

The main sources of funding to be considered in the context of this topic include

  • governmental sources, mostly grants including EU funding instruments, national, regional and local budgets;
  • banks and other financial institutions providing loans and guarantees, either directly or in partnership with local retail banks; and
  • private stakeholders, including foundations, real estate developers, companies, individuals (e.g. via crowdfunding or as house owners).

Call Opening Date

12/05/2022

Call Closing Date

27/09/2022

National Contact Point(s)

Research and Innovation Foundation

29a Andrea Michalakopoulou, 1075 Nicosia
P.O.Box 23422, 1683 Nicosia
Phone Number: +357 22205000
Email Address: support@research.org.cy
Website: https://www.research.org.cy/en/

Contact Persons:
Ms Constantina Makri
Scientific Officer
Contact Phone: +357 22 205 054
Contact Email: cmakri@research.org.cy

Ms Katerina Karakasidou
Scientific Officer
Contact Phone: +357 22 205 036
Contact Email: kkarakasidou@research.org.cy

(Publish Date: 13/05/2022-for internal use only)

EU Contact Point

European Commission, Directorate-General for Research and Innovation

https://ec.europa.eu/info/departments/research-and-innovation_en#contact

English