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Biodiversity, economics and finance: unlocking financial flows towards reversing of biodiversity loss
Funding Program | Horizon Europe - Cluster 6 - Destination 1: Biodiversity and Ecosystem Services | |
Call number | HORIZON-CL6-2023-BIODIV-01-9 | |
deadlines | Opening 22.12.2022 | Deadline 28.03.2023 17:00 |
Funding rate | 100% | |
Call budget | € 5,000,000.00 | |
Estimated EU contribution per project | € 5,000,000.00 | |
Link to the call | ec.europa.eu | |
Link to the submission | ec.europa.eu |
Call content
short description | The EU sustainable finance taxonomy and other similar initiatives are underway with the aim to help guide investments towards more sustainable outcomes, in line with the objectives of the European Green Deal. They constitute a unique opportunity for ramping up investments in natural capital and projects that substantially contribute to biodiversity, as well as to other challenges, such as nature-based solutions and ecosystem restoration contributing to climate mitigation and adaptation. |
Call objectives | Nature provides all sorts of essential services to our societies: clean air and water, food, pollination, carbon sequestration and pollination, it sustains tourism and leisure activities, it contributes to mental and physical health and delivers many other functions. In many instances, nature is also the most effective insurance policy – protecting us from floods, landslides, fires, or extreme heat. However, we are facing an unprecedented crisis of biodiversity loss, posing a serious threat to our future welfare. 75% of the land-based environment and about 66% of the marine environment have been significantly altered by human actions. Nearly 1 million species are at risk of extinction from human activities. The loss of clean air, drinkable water, pollinating insects, forests, and species pose as big a threat to species survival as climate change. The loss of biodiversity increases the challenge of limiting climate change, as healthy ecosystems naturally absorb carbon from the atmosphere. At the same time, Research findings indicate that the conservation and effective management and guardianship of at least 30% of the planet in the most important places for biodiversity could protect up to 80% of plant and animal species, and secure 60% of the planet’s carbon stocks and 66% of the planet’s clean water. The latest IPCC report complements this statement: conservation of approximately 30% to 50% of the planet will also be key in maintaining the resilience of biodiversity and ecosystem services at a global scale. UNEP report on the State of Finance for Nature states that investments in NBS need to triple by 2030 and to quadruple by 2050 if the world is to meet its climate change, biodiversity and land restoration targets. As underlined in the same report, more research is needed on how private financing can be strengthened and what are the low-hanging investment opportunities. Mobilising private investment, in particular to support the scaling up of NBS and the market for NBS in the European Union is key, in the context of a market characterised by smaller scale projects predominantly grants funded by the public sector. The project(s) should:
Actions should bring together from the start multiple types of scientific expertise in social sciences and humanities, in particular in economics and finance, as well as scientific expertise in biodiversity and natural capital. Actions should envisage clustering activities with the project(s) of the same topic and relevant topics on sustainable finance and valuation of ecosystem services. To this end proposals should foresee dedicated tasks and appropriate resources for coordination measures, foresee joint activities and joint deliverables. read more |
Expected results | In line with the European Green Deal priorities and in particular with the EU biodiversity strategy for 2030 and the 2030 climate target plan, the successful proposal will help unlock financial flows needed for reversing biodiversity loss and help better implement the sustainable finance taxonomy, thus contributing to mainstream biodiversity, ecosystem services and natural capital in the society and economy and to build approaches for enabling transformative changes to face societal challenges, including through the deployment of nature-based solutions (NBS). Project results are expected to contribute to all of the following expected outcomes:
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Regions / countries for funding | EU Member States, Overseas Countries and Territories (OCT) Moldova (Moldova), Albania (Shqipëria), Armenia (Հայաստան), Bosnia and Herzegovina (Bosna i Hercegovina / Босна и Херцеговина), Faeroes (Føroyar / Færøerne), Georgia (საქართველო), Island (Ísland), Israel (ישראל / إِسْرَائِيل), Kosovo (Kosova/Kosovë / Косово), Montenegro (Црна Гора), Morocco (المغرب), North Macedonia (Северна Македонија), Norway (Norge), Serbia (Srbija/Сpбија), Tunisia (تونس /Tūnis), Türkiye, Ukraine (Україна), United Kingdom |
eligible entities | EU Body, Education and training institution, International organization, Natural Person, Non-Profit Organisation (NPO) / Non-Governmental Organisation (NGO), Other, Private institution, incl. private company (private for profit), Public Body (national, regional and local; incl. EGTCs), Research Institution incl. University, Small and medium-sized enterprise (SME) |
Mandatory partnership | Yes |
Project Partnership | To be eligible for funding, applicants must be established in one of the following countries:
Only legal entities forming a consortium are eligible to participate in actions provided that the consortium includes, as beneficiaries, three legal entities independent from each other and each established in a different country as follows:
Any legal entity, regardless of its place of establishment, including legal entities from non-associated third countries or international organisations (including international European research organisations) is eligible to participate (whether it is eligible for funding or not), provided that the conditions laid down in the Horizon Europe Regulation have been met, along with any other conditions laid down in the specific call topic. A ‘legal entity’ means any natural or legal person created and recognised as such under national law, EU law or international law, which has legal personality and which may, acting in its own name, exercise rights and be subject to obligations, or an entity without legal personality. Specific cases:
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Additional information
Topics |
Agriculture & Forestry, Fishery, Food, Soil quality, Air Quality, Biodiversity & Environment, Climate & Climate Change, Water quality & management, Competitiveness of Enterprises, Employment/Labour Market, SME & entrepreneurship |
Relevance for EU Macro-Region | EUSAIR - EU Strategy for the Adriatic and Ionian Region, EUSALP - EU Strategy for the Alpine Space, EUSBSR - EU Strategy for the Baltic Sea Region, EUSDR - EU Strategy for the Danube Region |
UN Sustainable Development Goals (UN-SDGs) |
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Additional Information | All proposals must be submitted electronically via the Funders & Tenders Portal electronic submission system (accessible via the topic page in the Search Funding & Tenders section). Paper submissions are NOT possible. Proposals must be complete and contain all parts and mandatory annexes and supporting documents, e.g. plan for the exploitation and dissemination of the results including communication activities, etc. The application form will have two parts:
Annexes and supporting documents will be directly available in the submission system and must be uploaded as PDF files (or other formats allowed by the system). The limit for a full application (Part B) is 45 pages. |
Call documents | HE-Work Programme 2023-2024, Cluster 6, Destination 1 (kB) |
Contact | National Contact Points for Horizon Europe Website |
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