NAIAD: NATURE INSURANCE VALUE : ASSESSMENT AND DEMONSTRATION
European Commission -H2020 the EU Framework Program for Research and Innovation
December 2016 - December 20196
ICATALIST leads the scientific coordination of the project, one of the Work
Packages and co-leads the DEMO case in Medina del Campo, Spain.
NAIAD aims to operationalise the insurance value of ecosystems to reduce the human and economic cost of risks associated with water (floods and drought) by developing and testing - with key insurers and municipalities - the concepts, tools, applications and instruments necessary for its mainstreaming. We will do this in detail for 9 demonstration sites (DEMOs) throughout Europe and develop tools and methods applicable and transferable across all of Europe.
NAIAD´s conceptual frame is based on three pillars:
(i) to help build a resilience approach to risk management through nature based solutions,
(ii) the operationalisation and testing of scientific methods using a source-to-sea in DEMOs,
(iii) the uptake of nature based solutions that are cost-effective and provide environmental, social and economic benefits.
NAIAD will contribute to providing a robust framework for assessing the insurance value for ecosystem services by:
(i) enabling full operationalisation through improved understanding of ecosystem functionality and its insurance value at a broad range of scales in both urban and rural context;
(ii) making explicit the links between ecosystem values and social risk perception;
(iii) the application of developed methods and tools in water management by relevant stakeholders, especially businesses, public authorities and utilities.
This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 730497
Lagunas reales, Medina del Campo. Caso de estudio de NAIAD.