Insurance for nature – nature for insurance

NATURANCE is a 3.5-year Horizon Europe project which examines the technical, financial and operational feasibility and performance of solutions built on a combination of disaster risk financing and Nature-based Solutions investments.

Nature-based solutions (NbS) can help to sustainably manage natural features and processes to address socio-environmental challenges such as climate hazard risks, pollution and biodiversity. They can provide means to regulate greenhouse gases in the atmosphere, mitigate climate hazard risks – through mass stabilisation, water flow regulation, wind dissipation, and temperature regulation – remove particle pollution and improve air quality, protect soil and biodiversity, and enhance climate resilience. Nevertheless, detailed understanding of NbS benefits is lacking. To scale up NbS, we need to address knowledge gaps about the economic and financial performance of NbS investments, together with the development of business cases/models for NbS implementations.

The project will 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. Initiate and organise innovation finance and policy labs seeking to assess existing and explore new areas for insurance & investment solutions and revenue models supporting NbS. 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. 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. 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 and societal transformation.

Collaboration: The NATURANCE project is a collaboration among a transdisciplinary consortium of partners including the Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC), Vrije Universiteit Amsterdam (VU), International Institute for Applied Systems Analysis (IIASA), Karlsruhe Institut für Technologie (KIT), ICLEI Europe, Stockholms Universitet (SU), London School of Economics – Grantham Research Institute on Climate Change and the Environment (GRI-LSE), University of Cambridge – Institute for Sustainability Leadership (CISL) and WTW. The project is coordinated by the Centro Euro-Mediterraneo sui Cambiamenti Climatici.

Duration: October 2022 – March 2026

Funding: The project is funded by Horizon Europe and UKRI

Project website:

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