RT Journal Article
T1 State of the art and latest advances in exploring business models for nature-based solutions
A1 Mayor, Beatriz
A1 Toxopeus, Helen
A1 McQuaid, Siobhan
A1 Croci, Edoardo
A1 Lucchitta, Benedetta
A1 Reddy, Suhana E.
A1 Egusquiza, Aitziber
A1 Altamirano, Monica A.
A1 Trumbic, Tamara
A1 Tuerk, Andreas
A1 García, Gemma
A1 Feliu, Efrén
A1 Malandrino, Cosima
A1 Schante, Joanne
A1 Jensen, Anne
A1 López Gunn, Elena
AB Nature-based solutions (NBS) offer multiple solutions to urban challenges simultaneously, but realising funding for NBS remains a challenge. When the concept of NBS for societal challenges was first defined by the EC in 2017, financing was recognised as one of the major challenges to its mainstreaming. The complexity of NBS finance has its origin in the multiple benefits/stakeholders involved, which obscures the argument for both public and private sector investment. Since 2017, subsequent waves of EU research-and innovation-funded projects have substantially contributed to the knowledge base of funding and business models for NBS, particularly in the urban context. Collaborating and sharing knowledge through an EU Task Force, this first set of EU projects laid important knowledge foundations, reviewing existing literature, and compiling empirical evidence of different financing approaches and the business models that underpinned them. The second set of EU innovation actions advanced this knowledge base, developing and testing new implementation models, business model tools, and approaches. This paper presents the findings of these projects from a business model perspective to improve our understanding of the value propositions of NBS to support their mainstreaming.
SN 2071-1050
YR 2021
FD 2021-07-01
LK https://hdl.handle.net/11556/3366
UL https://hdl.handle.net/11556/3366
LA eng
NO Mayor , B , Toxopeus , H , McQuaid , S , Croci , E , Lucchitta , B , Reddy , S E , Egusquiza , A , Altamirano , M A , Trumbic , T , Tuerk , A , García , G , Feliu , E , Malandrino , C , Schante , J , Jensen , A & López Gunn , E 2021 , ' State of the art and latest advances in exploring business models for nature-based solutions ' , Sustainability , vol. 13 , no. 13 , 7413 . https://doi.org/10.3390/su13137413
NO Publisher Copyright: © 2021 by the authors. Licensee MDPI, Basel, Switzerland.
NO Acknowledgments: This article has been supported and funded by the following H2020 projects: H2020 NAIAD (Grant Agreement 730497), H2020 Naturvation (Grant Agreement 730243), H2020 Connecting Nature (Grant Agreement 730222), H2020 EdiCiNet (Grant Agreement 776665), H2020 Urban Greenup (Grant Agreement 730426), H2020 Nature4Cities (Grant Agreement 730468), H2020 REGREEN (Grant Agreement 821016), H2020 Clever Cities (Grant Agreement 776604), H2020 Grow-Green (Grant Agreement 730283). Funding: This research received no specific external funding, although it builds on the outcomes of several research projects funded under the H2020 program of the European Commission.
DS TECNALIA Publications
RD 26 jul 2024