OBJECTIVES

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 of their implementation,
  4. Contribute to academic knowledge on NBS planning, increase the capacity of policy decision makers to integrate NBS in development planning and contribute to the general awareness of the need of NBS and socio-economic opportunities arising with their implementation at local, regional or EU level.

NAIAD OBJECTIVES

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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.

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OBJECTIVE 2

– Testing of the framework on selected demo sites,
– Fine tuning and upgrade of the decision support and planning tool, through stakeholder engagement and implementation experience,
– Involving investment, business and insurance sector to participate in the 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 a real environment, while at the same time co-develop novel financial and business models in support of their implementation and replicability.

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OBJECTIVE 3

– Build awareness at the 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 the natural environment.