Demonstration of approaches to improve bankability of solutions by design, addressing the co-benefits (mitigation and adaptation) to improve revenues streams

Closed

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-2024-CLIMA-01-06

Call

Demonstration of approaches to improve bankability of solutions by design, addressing the co-benefits (mitigation and adaptation) to improve revenues streams

Summary

While evidence suggests that there is financing available to address climate adaptation, it is also evident that there is a shortage of bankable opportunities. Most promising climate adaptation projects rely on grants and public investments for their development. In many cases, while they benefit the public good, they struggle to prove any profitability and they risk getting abandoned at the end of the project when the initial financing comes to an end.

The European Investment Bank has shown that climate projects succeeding in securing investments are very rarely only addressing adaptation to climate change and in most of the cases they rather add a climate proofing component to a bigger project.

Proposals should identify financially valuable cases of climate projects including climate adaptation dimension on top of other benefits.

Detailed Call Description

Proposals should identify financially valuable cases of climate projects including climate adaptation dimension on top of other benefits, while safeguarding the principle of do-not significantly harm any environment objective (such as, biodiversity and ecosystems, freshwater etc). They should develop and test solutions, based on technological, social and / or business innovation, that deliver at once an increase of the resilience and adaptation capacity to climate change in the involved regions, cities, local authorities and communities, while also contributing to reduce or neutralise carbon emissions, improve water efficiency and/or safeguard biodiversity. To prove the financial viability of the proposed solutions, proposals should include business and/or investor partners and/or private sector actors (for example from the financial and / or insurance sector) in the consortium, interested in investing in the project (by participating directly in the consortium) as more resilient / less risky / more sustainable and assuring that they will maintaining the solutions in place beyond the duration of the project.

The proposed solution should address specific climate vulnerabilities identified as relevant at regional and local scale, with tailor-made responses and measures taking into account place-based data, socio-economic, identity characteristics and local governance.

Under the Mission approach, collaborations to develop and test effective solutions between regions/local authorities/communities facing similar challenges are highly encouraged and considered as a means to secure a larger impact. To this purpose, while the demonstration is expected to take place in at least three regions, the proposals should already identify other regions/local authorities/ communities (sharing common climate challenges), where reapplication of the proposed approach will be suitable. Inclusion already in the proposal of at least three “replicating” regions/local authorities/communities, interested in reapplying the lessons learnt (totally, partially or with the required adjustments) in their territories is required; this could take the form of inclusion in the consortium of one or more partners providing support for the technical exchanges and the knowledge uptake in the “replicating” regions. Replicating regions are not expected to also conduct a demonstration or carry out on the ground activities already in the course of the project but they should at least prepare, the theoretical framework for implementing the replication through the lessons exchanged with the demonstration regions.

Projects funded under this topic will get direct access to participate in the Mission Community of Practice and to the networking activities supported by the Mission Implementation Platform. These networking and joint activities could, for example, involve the participation in joint workshops, the exchange of knowledge, the development and adoption of best practices, or joint communication activities. To this extent, proposals should provide for dedicated activities and earmark appropriate resources.

In addition, projects will be requested to feed results and contribution to progress towards the objectives of the Mission Implementation Platform, as the central Mission action for monitoring, support and visualisation of the Mission progress in Regions in EU Member States and Associated Countries. Under the facilitation of Mission Implementation Platform, projects might provide an ideal space to improve cooperation with the European Investment Bank (EIB) on adaption finance. Regions participating in the projects will also be required to feed their results to the Climate-ADAPT and EEA assessments. Applicants should acknowledge this request and already account for these obligations in their proposal, making adequate provisions in terms of resources and budget to engage and collaborate with the Mission governance.

Call Total Budget

€27.00 million

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

70%

Expected EU contribution per project: €9.00 million

Thematic Categories

  • Environment and Climate Change
  • Research, Technological Development and Innovation

Eligibility for Participation

  • Businesses
  • Financial Institutions
  • Investment Funds
  • Legal Entities
  • Local Authorities
  • Other Beneficiaries
  • Private Bodies
  • Researchers/Research Centers/Institutions

Eligibility For Participation Notes

The following additional eligibility criteria apply: proposals must include demonstration activities to be carried out in 3 different regions/localities communities located in 3 different Member States /Associated Countries, involving and including as beneficiaries in the consortium legal entities established in these three countries.

Inclusion already in the proposal of at least three “replicating” regions/local authorities/communities, interested in reapplying the lessons learnt (totally, partially or with the required adjustments) in their territories is required; this could take the form of inclusion in the consortium of one or more partners providing support for the technical exchanges and the knowledge uptake in the “replicating” regions.

Call Opening Date

24/04/2024

Call Closing Date

18/09/2024

National Contact Point(s)

Research and Innovation Foundation

Address: 29a Andrea Michalakopoulou, 1075 Nicosia, P.B. 23422, 1683 Nicosia
Telephone: +357 22205000
Fax: +357 22205001
Email: support@research.org.cy
Websitehttps://www.research.org.cy/en/

Person to Contact:

Myrto Anastasiadou
Scientific Officer
Email: manastassiadou@research.org.cy

EU Contact Point