About Project

PROJECT PURPOSE

NAIAD is a project aiming to:

  1. Develop concrete Nature Based Solutions (NBS) approaches in response to flood and drought risks at 9 demo sites across EU,
  2. Deliver replicable methods for its implementation,
  3. Work on development of financial instruments and novel business models in support for their implementation,
  4. Contribute to academic knowledge on NBS planning, increase capacity of policy decision makers to integrate NBS in development planning and contribute to general awareness of need of NBS and socio-economic opportunities arising with their implementation at local, regional or EU level.

NAIAD OBJECTIVES

OBJECTIVE 1: Synthesis of knowledge; biophysical and socio-economic

- Providing assessment framework for testing, evidence data collection and operationalization of NBS in support of mitigation or prevention of flood and drought risks,
- Combining research, secondary data collection and analysis and stakeholder participation approach.

The goal is to deliver a robust informed decision support and planning tool for NBS implementation.

- Testing of the framework on selected demo sites,
- Fine tuning and upgrade of the decision support and planning tool, thorough stakeholder engagement and implementation experience,
- Involving investment, business and insurance sector to participate in identification of novel business and financial opportunities with NBS measures implementation.

The goal is to test the theoretical knowledge and upgrade it through testing in real environment, while at the same time co-develop novel financial and business models in support of their implementation and replicability.

- Build awareness at government, business, insurance sector, civil society and academia on the benefits and risk provided through NBS implementation,
- Provide targeted recommendations and guidance to utilize natural assurance schemes to improve economic, social and environmental conditions on the field at EU level.

The goal is to contribute, through financially viable and technically sound NBS informed decision support and planning tools, to socio-economic prosperity and sustainability of natural environment.

NAIAD ADDED VALUE

FOR PUBLIC INSTITUTIONS RESPONSIBLE FOR DEVELOPMENT AND IMPLEMENTATION OF MEASURES DEALING WITH DROUGHT OR FLOOD RISKS

- Tested, applicable, sustainable, technically sound and financially viable solutions to flood and drought risk mitigation,
- Solutions in-line with EU strategic goals on sustainable development, green economy, development with nature, Millennium Development Goals,
- Solutions, opening novel possibilities of public-private partnerships or community led initiatives and social innovation.


FOR PRIVATE SECTOR, INVESTORS AND INSURANCE COMPANIES

- Increasing knowledge on causal connection of natural events to environmental and socio-economic damage their mitigation or prevention, leading to,
- Need for new technical, consultancy, financing mechanism in support for their implementation, making it interesting for,
- Insurance sector to further explore viability of these solutions as part of their insurance business, responding to climate change and changing socio-economics in light of new development paradigms e.g. green economy, cyclic-economy, community led development.


CONTRIBUTION TO KNOWLEDGE AND SUSTAINABLE DEVELOPMENT

- Several IT tools in support of NBS planning and implementation will be developed / upgraded – most interestingly decision support and visualization tool for NBS planning,
- Deeper understanding of ecosystem dynamics and capacity to use this dynamics as part of mitigation or solution to natural hazards,
- Promotion and demonstration of novel business models and insurance products, that can be replicated.

Working together – why we value your information

NAIAD is a co-development project, understanding end-user specific challenges, enables us to better focus and fine tune the solutions, making it more robust, replicable and transferable.

Exchange of information and better understanding of bio-physical environment, enables better responses, predictions and therefore forecasts in case of natural hazards, opening business opportunities for insurance sectors to develop new insurance products or upgrade existing ones.

In connecting growing understanding of ecosystems and social innovation, private businesses can develop novel approaches to community led business initiatives, consultancy and RTD opportunities.