The ultimate goal of NATURANCE project is to encourage adoption of jointly elaborated equity principles, performance metrics and recommended approaches to analysis and design in accordance with the EU framework for sustainable finance and the Just Transition Mechanism
Objective 1
Establish a “Network of existing networks” by connecting existing major knowledge networks and fostering cross-domain knowledge sharing and collaborative marketplace for innovative nature-based insurance & investment solutions. We will mobilise and connect at least 20 knowledge networks (KNs) from across different thematic areas, including NbS, sustainable insurance & investments, cat modelling and risk assessment, and collaborative platforms of local & regional governments, organise 4 open and inclusive web- and festivals of nature-based insurance & investment solutions, at least 4 technical meetings, and a series of 20-24 community webinars
Objective 2
Initiate and organise innovation finance and policy labs seeking to assess existing and explore new areas for equitable insurance & investment solutions and revenue models supporting NbS. We will initiate at least 9 innovation labs in the content of which we will work with insurers & brokers, cat modellers, NbS practitioners & advocates, and local & regional governments or action groups to explore the feasibility and potential of these solutions in real world contexts, identify and test shared design principles, and explore pathways to implementation
Objective 3
Analyse policy and governance conditions that are conducive to or hamper adoption of sustainable and equitable innovative green insurance and investment solutions for NbS and identify examples of inspirational practice and policy reforms unlocking their business potential and scaling up their deployment. We will elaborate a series of in-depth assessments, policy briefs and a database of policy cases for NbS upscaling, principles for equitable and sustainable financing/insurance business models, transformative financial/insurance governance & policy
Objective 4
Analyse models, methods, scenarios and metrics used for assessing risk-reduction performance of NbS, as well as their wider societal benefits, and contribute to a better integration of ecosystem and economic risk modelling. We will produce a synthesis review of NbS performance assessments, technical specifications for integration of risk and ecosystem models, and metrics for evaluation of equitable nature-based insurance & investment solutions
Objective 5
Build awareness and capabilities for green financial innovations, so to creating conditions for inclusive and transformative change in regions embarked in the Mission on climate adaptation & societal transformation. We will work with at least 15 regions enrolled in the HE Mission and/or NetworkNature network, helping them to review the opportunities for a regional sustainable finance reform, and develop training courses targeting their needs
