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Article

State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions

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European Projects Department, I-CATALIST S.L., 28232 Las Rozas, Madrid, Spain
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Sustainable Finance Lab, Utrecht University, 3584 EC Utrecht, The Netherlands
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Centre for Social Innovation, Trinity College Dublin, Dublin, Ireland
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GREEN Research Center, Bocconi University, 20136 Milan, Italy
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IRI THESys, Humboldt Universität zu Berlin, 10117 Berlin, Germany
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Sustainable Construction Division, TECNALIA, Parque Científico y Tecnológico de Gipuzkoa, 20009 San Sebastián, Gipuzkoa, Spain
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Policy Analysis Unit, DELTARES, 2629 HV Delft, The Netherlands
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Science Tower, Joanneum Research, 8020 Graz, Austria
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Circular Economy and Climate Adaptation, LGI Sustainable Innovation, 75011 Paris, France
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iCLIMATE Aarhus University Interdisciplinary Centre for Climate Change, Aarhus University, 4000 Roskilde, Denmark
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Author to whom correspondence should be addressed.
Academic Editor: Alexander Sun
Sustainability 2021, 13(13), 7413; https://doi.org/10.3390/su13137413
Received: 23 May 2021 / Revised: 14 June 2021 / Accepted: 29 June 2021 / Published: 2 July 2021
Nature-based solutions (NBS) offer multiple solutions to urban challenges simultaneously, but realising funding for NBS remains a challenge. When the concept of NBS for societal challenges was first defined by the EC in 2017, financing was recognised as one of the major challenges to its mainstreaming. The complexity of NBS finance has its origin in the multiple benefits/stakeholders involved, which obscures the argument for both public and private sector investment. Since 2017, subsequent waves of EU research- and innovation-funded projects have substantially contributed to the knowledge base of funding and business models for NBS, particularly in the urban context. Collaborating and sharing knowledge through an EU Task Force, this first set of EU projects laid important knowledge foundations, reviewing existing literature, and compiling empirical evidence of different financing approaches and the business models that underpinned them. The second set of EU innovation actions advanced this knowledge base, developing and testing new implementation models, business model tools, and approaches. This paper presents the findings of these projects from a business model perspective to improve our understanding of the value propositions of NBS to support their mainstreaming. View Full-Text
Keywords: sustainable business models; nature-based solutions; urban planning; NBS implementation sustainable business models; nature-based solutions; urban planning; NBS implementation
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MDPI and ACS Style

Mayor, B.; Toxopeus, H.; McQuaid, S.; Croci, E.; Lucchitta, B.; Reddy, S.E.; Egusquiza, A.; Altamirano, M.A.; Trumbic, T.; Tuerk, A.; García, G.; Feliu, E.; Malandrino, C.; Schante, J.; Jensen, A.; López Gunn, E. State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions. Sustainability 2021, 13, 7413. https://doi.org/10.3390/su13137413

AMA Style

Mayor B, Toxopeus H, McQuaid S, Croci E, Lucchitta B, Reddy SE, Egusquiza A, Altamirano MA, Trumbic T, Tuerk A, García G, Feliu E, Malandrino C, Schante J, Jensen A, López Gunn E. State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions. Sustainability. 2021; 13(13):7413. https://doi.org/10.3390/su13137413

Chicago/Turabian Style

Mayor, Beatriz, Helen Toxopeus, Siobhan McQuaid, Edoardo Croci, Benedetta Lucchitta, Suhana E. Reddy, Aitziber Egusquiza, Monica A. Altamirano, Tamara Trumbic, Andreas Tuerk, Gemma García, Efrén Feliu, Cosima Malandrino, Joanne Schante, Anne Jensen, and Elena López Gunn. 2021. "State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions" Sustainability 13, no. 13: 7413. https://doi.org/10.3390/su13137413

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