Financial instruments for nature-based solutions to reduce the risks of flooding and drought
Keywords:nature-based solutions, risks of flooding, risks of drought, finacial instruments, grey infrastructure, upstream water retention, climate change, ecosystem services, Environmental Quality Standards
Today's expansion and densification of cities, where more space is being impermeably surfaced by grey infrastructure, means an increased risk of flooding. An urban space with reduced green areas is less resilient to increased temperatures. In dealing with this, research has pointed to the complementarity of Nature-based Solutions (NBS) in contributing to more resilient and cost-efficient flood management. NBS do not only serve to reduce risk for flooding and drought, they also provide additional sustainability values, such as strengthening ecosystem services through increased biodiversity and recreation opportunities. In many circumstances, combining this NBS with traditional grey infrastructure can provide next generation solutions that enhance system performance and better protect communities. The study has focussed on subjects argued as central to provide a business value for upstream landowners to perform NBS measures. Results of the Workshop on Nature Based Solutions for flood and drought prevention organized in May 2019 in Gothenburg substantially contributed this study. The main objective of the study is to propose developments that can lead to business models and financial instruments that support the adoption of upstream water retention through Nature-based Solutions based primarily on research from the Västra Götaland region of Sweden.
How to Cite
Copyright (c) 2020 Anna Ternell, Peter Stigson, Bodil Elmqvist, Johanna Alkan Olsson, Helena Hanson, Anders M. Nilsson
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC-BY) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
The original submitted version of the manuscript (the version that has not undergone peer review) may be posted at any time. Authors should disclose details of preprint posting, including DOI, upon submission of the manuscript to ECOCYCLES.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. LICENCE: Creative Commons Attribution 4.0 International (CC BY 4.0)