Abstract
Original language | English |
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Pages (from-to) | 51-61 |
Number of pages | 11 |
Journal | Environmental Science & Policy |
Volume | 139 |
DOIs | |
Publication status | Published - Jan 2023 |
Bibliographical note
Publisher Copyright:© 2022 The Authors
Funding
This research has been funded by the European Commission’s Horizon 2020 research and innovation programme under grant agreement no. 730243 and participating partners in the NATURVATION project. Across the cases, we found four types of financial policy instruments. The first type is a cluster of financial instruments providing cash grants or subsidies, which we term physical infrastructure, human capital and R&D funding. For instance, the Swedish Strategic Innovation Programme (SIP) – coordinated by the Swedish innovation agency Vinnova, the Swedish Energy Agency (Energimyndigheten) and the Swedish Research Council for Sustainable Development – provides funding for cross-sectoral projects on strategically important topics, involving industry, the public sector and academia. In the past, there have been a number of themed calls relevant to urban NBS such as the 2019 call on 'Green material development in the infrastructure area'. Examples of funded projects under this are ‘C/O Cities’ supporting smaller cities with knowledge tools to help integrate ecosystem services into town planning and ‘BiodiverCity’ on experimenting with multifunctional urban NBS in densely developed parts of Malmö. Of the other three types of financial instruments, we encountered one of each type. The Natural Capital Financing Facility (NCFF), is a reduced-interest loan, run by the European Investment Bank (EIB) as part of the EU LIFE Programme since 2014. It offers loans of > €5 million to fund large-scale NBS for climate action. The city of Athens (Greece) was one of the first to successfully apply to this fund, which it will use to roll-out green-blue infrastructure measures across 400 sites within its city boundaries. We are grateful to Harriet Bulkeley and Rob Raven for co-designing the research protocol, Margot Stoete for graphical design and Hade Dorst, Christiane Gerstetter, McKenna Davis, Sandra Naumann, Alexandru Matei, Judit Boros, Andrea Lituma-Sanchez, Ewa Iwaszuk, Lisa-Fee Meinecke, Linda Juhasz-Horvath, Sydney Kaiser, Rebeka Devenyi and Elisa Terragno Bogliaccini for contributing to the case studies used as the basis for this study. We thank two anonymous reviewers for their supportive feedback. This research has been funded by the European Commission's Horizon 2020 research and innovation programme under grant agreement no. 730243 and participating partners in the NATURVATION project.
Funders | Funder number |
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European Commission’s Horizon 2020 research and innovation programme | |
Swedish Research Council for Sustainable Development | |
Swedish innovation agency Vinnova | |
Energimyndigheten | |
Horizon 2020 | 730243 |
Keywords
- Innovation and transitions
- Sustainable cities
- Sustainable urban development
- Urban governance
- Urban planning
- Urban sustainability transformations