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Nature-based solutions (NBS) are increasingly being promoted because they can solve different pursued aims together with providing an additional array of multiple ecosystem services or co-benefits. Nevertheless, their implementation is still being curbed by several barriers, for example, a lack of examples, a lack of finance, and a lack of business cases. Therefore, there is an urgent need to facilitate the construction of business models and business cases that identify the elements required to capture value. These are necessary to catalyze investments for the implementation of NBS. This article presents a tool called a Natural Assurance Schemes (NAS) canvas and explains how it can be applied to identify business models for NBS strategies providing climate adaptation services, showing an eye-shot summary of critical information to attract funding. The framework is applied in three case studies covering different contexts, scales, and climate-related risks (floods and droughts). Finally, a reflective analysis is done, comparing the tool with other similar approaches while highlighting the differential characteristics that define the usefulness, replicability, and flexibility of the tool for the target users, namely policymakers, developers, scientists, or entrepreneurs aiming to promote and implement NAS and NBS projects.
Beatriz Mayor; Pedro Zorrilla-Miras; Philippe Coent; Thomas Biffin; Kieran Dartée; Karina Peña; Nina Graveline; Roxane Marchal; Florentina Nanu; Albert Scrieciu; Javier Calatrava; Marisol Manzano; Elena López Gunn. Natural Assurance Schemes Canvas: A Framework to Develop Business Models for Nature-Based Solutions Aimed at Disaster Risk Reduction. Sustainability 2021, 13, 1291 .
AMA StyleBeatriz Mayor, Pedro Zorrilla-Miras, Philippe Coent, Thomas Biffin, Kieran Dartée, Karina Peña, Nina Graveline, Roxane Marchal, Florentina Nanu, Albert Scrieciu, Javier Calatrava, Marisol Manzano, Elena López Gunn. Natural Assurance Schemes Canvas: A Framework to Develop Business Models for Nature-Based Solutions Aimed at Disaster Risk Reduction. Sustainability. 2021; 13 (3):1291.
Chicago/Turabian StyleBeatriz Mayor; Pedro Zorrilla-Miras; Philippe Coent; Thomas Biffin; Kieran Dartée; Karina Peña; Nina Graveline; Roxane Marchal; Florentina Nanu; Albert Scrieciu; Javier Calatrava; Marisol Manzano; Elena López Gunn. 2021. "Natural Assurance Schemes Canvas: A Framework to Develop Business Models for Nature-Based Solutions Aimed at Disaster Risk Reduction." Sustainability 13, no. 3: 1291.
María Máñez Costa; Roxane Marchal; David Moncoulon; Eulalia Gómez Martín. A sustainable flywheel: opportunities from insurance’ business to support nature-based solutions for climate adaptation. Environmental Research Letters 2020, 15, 111003 .
AMA StyleMaría Máñez Costa, Roxane Marchal, David Moncoulon, Eulalia Gómez Martín. A sustainable flywheel: opportunities from insurance’ business to support nature-based solutions for climate adaptation. Environmental Research Letters. 2020; 15 (11):111003.
Chicago/Turabian StyleMaría Máñez Costa; Roxane Marchal; David Moncoulon; Eulalia Gómez Martín. 2020. "A sustainable flywheel: opportunities from insurance’ business to support nature-based solutions for climate adaptation." Environmental Research Letters 15, no. 11: 111003.
Nature-based solutions (NBS) are increasingly being considered as an option to reduce societies’ vulnerability to natural hazards, creating co-benefits while protecting ecosystem services in a context of changing climate patterns with more frequent and extreme weather events. The reinsurance and insurance industries are increasingly cited as sectors that can play a role to help manage risks, by improving disaster risk reduction (DRR) and loss prevention. This paper investigates how the (re)insurance industry could support the transition from a paradigm focused on ex-post responses to ex-ante risk reduction measures including NBS, in line with the Sendai Framework. This paper presents the results of a series of 61 interviews undertaken with the (re)insurance sector and related actors under the EU H2020 Nature Insurance Value Assessment and Demonstration (NAIAD) project. Methods based on a Grounded Theory approach indicate how this sector can play different roles in loss prevention, including ecosystem-based disaster risk reduction (eco-DRR). Results illustrate how the (re)insurance industry, under these roles, is gradually innovating by having a better understanding of hazards and mitigation. The findings of the study contribute to wider discussions such as the possibility of new arrangements like natural insurance schemes and evidence-based assessment of avoided damage costs from green protective measures, in Europe and beyond.
Roxane Marchal; Guillaume Piton; Elena Lopez-Gunn; Pedro Zorrilla-Miras; Peter Van Der Keur; Kieran W. J. Dartée; Polona Pengal; John H. Matthews; Jean-Marc Tacnet; Nina Graveline; Monica A. Altamirano; John Joyce; Florentina Nanu; Ioana Groza; Karina Peña; Blaz Cokan; Sophia Burke; David Moncoulon. The (Re)Insurance Industry’s Roles in the Integration of Nature-based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey. Sustainability 2019, 11, 6212 .
AMA StyleRoxane Marchal, Guillaume Piton, Elena Lopez-Gunn, Pedro Zorrilla-Miras, Peter Van Der Keur, Kieran W. J. Dartée, Polona Pengal, John H. Matthews, Jean-Marc Tacnet, Nina Graveline, Monica A. Altamirano, John Joyce, Florentina Nanu, Ioana Groza, Karina Peña, Blaz Cokan, Sophia Burke, David Moncoulon. The (Re)Insurance Industry’s Roles in the Integration of Nature-based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey. Sustainability. 2019; 11 (22):6212.
Chicago/Turabian StyleRoxane Marchal; Guillaume Piton; Elena Lopez-Gunn; Pedro Zorrilla-Miras; Peter Van Der Keur; Kieran W. J. Dartée; Polona Pengal; John H. Matthews; Jean-Marc Tacnet; Nina Graveline; Monica A. Altamirano; John Joyce; Florentina Nanu; Ioana Groza; Karina Peña; Blaz Cokan; Sophia Burke; David Moncoulon. 2019. "The (Re)Insurance Industry’s Roles in the Integration of Nature-based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey." Sustainability 11, no. 22: 6212.