R&D highlights edition 2019

PROJECTS Adaptive delta planning 54 The Green-Win project uses the concepts of green economy and green growth to formulate win-win strategies to attain both economic development and climate mitigation/adaptation goals. The Green- Win project aimed to identify, develop and critically assess win-win strategies for private and public actors and co-develop shared narratives to further climate action. GREEN-WIN: CO-FINANCING CLIMATE ADAPTATION Beach nourishment combined with real estate development T he aim of the Green-Win project is to demonstrate that climate action can be combined with economic development through the creation of win-win strategies (WWS), and therefore serve as an appealing option to address the climate problem. However, how do we switch our economies to green growth pathways, what kind of policy instruments and green business models (GBM) are in place and which still need to be developed? The project included 16 project partners and 25 supporting organisations like UN agencies, NGOs, finance institutes and universities, which researched numerous case studies in different countries and continents. The case studies focused on three key areas of climate mitigation and adaptation: coastal adaptation, the transformation of urban systems and energy poverty. The work package on coastal adaptation, which was led by Deltares, focused on strategies that can help public actors to overcome financing barriers to coastal adaptation, with case studies in Germany, Jakarta, Batumi, the Maldives and the Netherlands. We found three general strategies: i) generating real estate development revenues through land reclamation; ii) generating tourism revenues through beach nourishment (replacing eroded sand); and iii) generating non-monetary nature benefits that attract additional funding, for example from environmental NGOs. The financing of these strategies was discussed during a workshop in Delft with public and private actors. In the area of the transformation of urban systems, energy poverty and climate-resilient livelihoods, it was found that green business models often focus not only on profit but also on combining various principles and streams of revenues with other social and environmental needs. Key enabling conditions include knowledge exchange, the ability to deliver tangible benefits in the short term and the inclusion and empowerment of economically excluded groups. It emerged from the case studies that win-win strategies can indeed be found in many areas of climate action but that they often only emerge in specific circumstances. Generally, climate action is driven more by the economic and social opportunities currently in place than by long-termmitigation targets. At the local level, Green-Win explored the potential for win-win strategies to contribute to both economic growth and climate goals (in other words, green growth) by developing new economic (and macro-economic) models that take financial market constraints, technological innovation and diffusion of carbon technologies into consideration better. Huge potential for additional green finance from institutional investors was identified but a number of barriers such as a lack of standardised information on green assets were also noted. Barriers to the provision of low-cost climate finance could be removed by green bond standards that ensure both environmental and credit quality. Contact: Mark de Bel, Mark.deBel@deltares.nl , t +31 (0)6 20753446 Sien Kok, Sien.Kok@deltares.nl, t +31 (0)6 46974831 Further reading : https://www.green-win-project.eu/

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