Deadline: 06-Oct-21
The European Commission (EC) is inviting proposals for Nature-based solutions, prevention and reduction of risks and the insurance sector.
Scopes
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 (including insurance associations), public authorities (local, regional and/or national), 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 (and data crowdsourcing) 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 (e.g. the EU adaptation strategy, the action plan on the Sendai framework for disaster risk reduction, the common agricultural policy (CAP), the EU forest strategy, the Water Framework Directive, the Floods Directive, restoration objectives in the EU biodiversity strategy, etc.).
Funding Information
The check will normally be done for the coordinator if the requested grant amount is equal to or greater than EUR 500 000, except for:
- public bodies (entities established as a public body under national law, including local, regional or national authorities) or international organisations; and
- cases where the individual requested grant amount is not more than EUR 60 000 (lowvalue grant).
Expected Outcomes
Successful proposals will contribute to all following expected outcomes:
- More robust and integrated NBS for climate change adaptation and disaster risk reduction at local, regional, national and European level, notably contributing to the EU’s Action Plan on the Sendai Framework for Disaster Risk Reduction, the EU Adaptation Strategy and Mission Adaptation to Climate Change.
- Wider recognition and implementation of NBS as their benefits (avoided damages) are fully recognised when compared to the costs of inaction, thus contributing to greater resilience and competitiveness of the European economy and society.
Eligibility Criteria
To be eligible for funding, applicants must be established in one of the eligible countries, i.e.:
- the Member States of the European Union, including their outermost regions;
- the Overseas Countries and Territories (OCTs) linked to the Member States;
- eligible non-EU countries:
- countries associated to Horizon Europe;
- low- and middle-income countries.
For more information, visit https://bit.ly/3wmUM4p
