NAIAD aims to operationalise the insurance value of ecosystems to reduce the human and economic cost of risks associated with water (floods and drought) by developing and testing - with key insurers and municipalities - the concepts, tools, applications and instruments (business models) necessary for its mainstreaming. We will do this in detail for 8 demonstration sites (DEMOs) throughout Europe and develop tools and methods applicable and transferable across all of Europe. The assumption is that Natural Assurance Schemes can reduce risk, especially to drought and flooding, and this risk reduction can be assessed and incorporated within insurance schemes. NAIAD´s conceptual frame is based on three pillars: (i) to help build a resilience approach to risk management through nature based solutions, (ii) the operationalisation and testing of scientific methods using a source-to-sea in DEMOs, (iii) the uptake of nature based solutions that are cost-effective and provide environmental, social and economic benefits. Trans-disciplinarity and stakeholder engagement are at the core of NAIAD for two reasons: first, because the conceptual and assessment methodologies combine physical, social and cultural and economic aspects, integrated into tools and methods but second, and most importantly “road tested” and validated with the stakeholders and end users themselves at the DEMOs. NAIAD will contribute to providing a robust framework for assessing insurance value for ecosystem services by (i) enabling full operationalisation through improved understanding of ecosystem functionality and its insurance value at a broad range of scales in both urban and rural context; (ii) making explicit the links between ecosystem values and social risk perception; and (iii) the application of developed methods and tools in water management by relevant stakeholders, especially businesses, public authorities and utilities.

NATALIE addresses the risks posed by climate change and its impacts and proposes to advance the concepts of “ecosystem-based adaptation” in Europe combined with climate resilient development pathways, as the means for impact driven Nature-Based Solutions (NBS), to accelerate and mainstreaming the adoption of NBS for resilience to climate change, which is also the cornerstone identified in the recent IPCC AR6 WGII Report. NATALIE will deliver innovative and practical innovations in co-creation of solutions and stakeholder engagement, modelling, testing, monitoring and validation mechanisms that will support regions and municipalities to plan and develop adaptation actions bringing along valuable knowledge and experience as actionable knowledge for adaptation and impact-driven NBS. To achieve this goal, NATALIE will develop a transformative NBS booster pack of 25 solutions (innovative actions that address the key six levers for transformative change: (1) socially acceptable, smart and financial innovative solutions; (2) societal, stakeholder and citizen engagement; (3) larger systemic solutions at regional level; 4) monitoring, evaluation and cost-benefit analysis of solutions; 5) pre-feasibility study; 6) evidence-based outcomes and recommendations). The main goal is to accelerate and foster the mainstreaming of NBS, by forming an ecosystem based adaptation for regional resilience. The booster Innovation Package includes innovative technical, modelling and IT solutions (including an innovative NBS knowledge booster and digital twin), governance, policy recommendations at EU and regional level, financing and public engagement transformative solutions. 18 NBS measures will be demonstrated at 8 case studies, in different biogeographical regions of Europe in Greece, Romania, Latvia, Canary Islands, Belgium (Flanders), France, Iceland and Italy (Veneto region), as well as four follower regions in the Balearic Islands, Romania, France and Lithuania).