Horizon Europe - Missions - Unlocking of financial resources for investments into climate resilience

Deadline :
September 27, 2022 5:00 PM

Brussels time

Project Duration:
Funding available:
EUR 6,000,000
Partners required:
At least one independent legal entity established in a Member State; and at least two other independent legal entities, each established in different Member States or Associated Countries Application Link

Funding programme

Horizon Europe is the EU’s key funding programme for research and innovation.

Read more about the Horizon Europe programme here.

Call overview

This call aims to support regions and communities with developing investment strategies and solutions that help to mobilise financing and resources, throughout their transformational journey to climate resilience.

Expected outcome

Projects results are expected to contribute to all of the following expected outcomes:

  • An increased leveraging of finance into climate resilience investments in the context of the Mission Adaptation to Climate Change.
  • An increased and improved range of investment concepts that are proven to have helped public authorities in leveraging finance into climate resilience investments.
  • An increased capacity of public authority staff for developing investible climate resilience projects.
  • A better understanding of mechanisms that would accelerate the transformation of the economic system and financial sector to internalise and reward climate resilient investments.

Scope

This topic contributes to the three objective of the Mission and corresponds to one of the thematic research and innovation areas described in the Mission Implementation Plan aiming to mobilise and improve the articulation of funding and financing from various public and private sources at different levels (EU, national, regional and local).

This topic is expected to support regions and communities participating in the Mission with developing investment strategies, including identifying, innovating and, to the extent possible testing, solutions that help to mobilise financing and resources, throughout their transformational journey to climate resilience. The applied research and the experimentation with innovative solutions as further outlined below should be at the centre of the project.

The mobilisation of significant financial resources is key in addressing the climate resilience challenge. The economic case for investing in climate adaptation is powerful, with cost-benefit ratios ranging from 1:2 to 1:10 whereas early action on adaptation brings a “triple dividend” of avoided losses, economic and socio-environmental benefits. Yet, the investment gap in climate adaptation, with investment needs in the EU estimated to range between EUR 35 billion and 500 billion annually, is reportedly one of the most important barriers to further progress towards climate resilience. Reasons for this include large upfront costs, difficulties with internalising benefits and insufficient incentives to attract private investors under the existing market architecture where short-term mind-set makes investing for the future difficult, as well as a lack of capacity to identify, combine, apply for and negotiate the various financing streams at local and regional level.

Read more in the Work Programme - Missions, page 50.

Eligibility

To be eligible for funding, applicants must be established in one of the eligible countries, i.e.:

  • the Member States of the European Union, including their outermost regions;
  • the Overseas Countries and Territories (OCTs) linked to the Member States;
  • eligible non-EU countries including countries associated to Horizon Europe and low- and middle-income countries.

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 1) 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 undernational 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.

Consortium composition

Unless otherwise provided for in the specific call conditions, legal entities forming a consortium are eligible to participate in actions provided that the consortium includes:

  • at least one independent legal entity established in a Member State; and
  • at least two other independent legal entities, each established in different Member States or Associated Countries.

Budget

EUR 6,000,000.

Apply now

Deadline :
September 27, 2022 5:00 PM

Brussels time

Project Duration:
Funding available:
EUR 6,000,000
Partners required:
At least one independent legal entity established in a Member State; and at least two other independent legal entities, each established in different Member States or Associated Countries Application Link