Natural Assurance Schemes Canvas: A Framework to Develop Business Models for Nature-Based Solutions Aimed at Disaster Risk Reduction

Beatriz Mayor, Pedro Zorrilla-Miras, Philippe Le Coent, Thomas Biffin, Kieran Dartée, Karina Peña, Nina Graveline, Roxane Marchal, Florentina Nanu, Albert Scrieciu, Javier Calatrava, Marisol Manzano and Elena López Gunn
Additional contact information
Beatriz Mayor: I-CATALIST S.L, 28232 Las Rozas, Madrid, Spain
Pedro Zorrilla-Miras: I-CATALIST S.L, 28232 Las Rozas, Madrid, Spain
Thomas Biffin: Field Factors, 2628 CS Delft, The Netherlands
Kieran Dartée: Field Factors, 2628 CS Delft, The Netherlands
Karina Peña: Field Factors, 2628 CS Delft, The Netherlands
Nina Graveline: INRAE, 34000 Montpellier, France
Roxane Marchal: Caisse Centrale de Réassurance, 75008 Paris, France
Florentina Nanu: Business Development Group, 10638 București, Romania
Albert Scrieciu: Geoecomar, 030167 București, Romania
Javier Calatrava: Department of Business Economics, Universidad Politécnica de Cartagena, 30202 Cartagena, Spain
Marisol Manzano: Department of Mining and Civil Engineering, Universidad Politécnica de Cartagena, 30202 Cartagena, Spain
Elena López Gunn: I-CATALIST S.L, 28232 Las Rozas, Madrid, Spain

Sustainability, 2021, vol. 13, issue 3, 1-18

Abstract: Nature-based solutions (NBS) are increasingly being promoted because they can solve different pursued aims together with providing an additional array of multiple ecosystem services or co-benefits. Nevertheless, their implementation is still being curbed by several barriers, for example, a lack of examples, a lack of finance, and a lack of business cases. Therefore, there is an urgent need to facilitate the construction of business models and business cases that identify the elements required to capture value. These are necessary to catalyze investments for the implementation of NBS. This article presents a tool called a Natural Assurance Schemes (NAS) canvas and explains how it can be applied to identify business models for NBS strategies providing climate adaptation services, showing an eye-shot summary of critical information to attract funding. The framework is applied in three case studies covering different contexts, scales, and climate-related risks (floods and droughts). Finally, a reflective analysis is done, comparing the tool with other similar approaches while highlighting the differential characteristics that define the usefulness, replicability, and flexibility of the tool for the target users, namely policymakers, developers, scientists, or entrepreneurs aiming to promote and implement NAS and NBS projects.

Keywords: nature-based solutions; business models; natural assurance schemes; risk reduction (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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