IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i21p11931-d667239.html
   My bibliography  Save this article

Conceptual and Operational Integration of Governance, Financing, and Business Models for Urban Nature-Based Solutions

Author

Listed:
  • Aitziber Egusquiza

    (TECNALIA, Basque Research and Technology Alliance (BRTA), Parque Científico y Tecnológico de Bizkaia, Astondo Bidea, Edificio 700, E-48160 Derio, Spain)

  • Maider Arana-Bollar

    (TECNALIA, Basque Research and Technology Alliance (BRTA), Parque Científico y Tecnológico de Bizkaia, Astondo Bidea, Edificio 700, E-48160 Derio, Spain)

  • Amaia Sopelana

    (TECNALIA, Basque Research and Technology Alliance (BRTA), Parque Científico y Tecnológico de Bizkaia, Astondo Bidea, Edificio 700, E-48160 Derio, Spain)

  • Javier Babí Almenar

    (RDI Unit on Environmental Sustainability Assessment and Circularity, Environmental Research & Innovation (ERIN) Department, Luxembourg Institute of Science and Technology (LIST)—41 Rue du Brill, L-4422 Belvaux, Luxembourg)

Abstract

Governance, financing, and business models are deeply interlinked and relevant for the successful implementation of urban nature-based solutions (NBS). However, during the definition of urban NBS projects the importance and interrelation of these models are usually neglected. To overcome this limitation, this paper presents an overarching framework (conceptual and operational) and a derived preselection web tool which interrelate governance, financing, and business models for NBS projects. First, based on recent literature, governance, financing, and business models that could be applied to NBS were mapped, and their integration proposed. Later, key contextual factors influencing NBS implementation were identified. They form the basis of a WHAT–WHO–HOW framework that structures the links between specific NBS projects, their implementation context, and the most suitable models. From that framework, and an analysis of 50 successful NBS case studies, a suitability matrix was developed with known models. The matrix allows pairing types of NBS and their initiating actors with suitable financing and governance models. Lastly, a tailored NBS business model canvas was designed to evaluate the business model components. From the overarching framework, the preselection web tool was created to guide decision-making on suitable governance, finance, and business models in the early phases of NBS projects.

Suggested Citation

  • Aitziber Egusquiza & Maider Arana-Bollar & Amaia Sopelana & Javier Babí Almenar, 2021. "Conceptual and Operational Integration of Governance, Financing, and Business Models for Urban Nature-Based Solutions," Sustainability, MDPI, vol. 13(21), pages 1-28, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:11931-:d:667239
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/21/11931/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/21/11931/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marcus Wagner, 2011. "Sustainability-related innovation and competitiveness-enhancing regulation: a qualitative and quantitative analysis in the context of open innovation," International Journal of Innovation and Sustainable Development, Inderscience Enterprises Ltd, vol. 5(4), pages 371-388.
    2. Beatriz Mayor & Helen Toxopeus & Siobhan McQuaid & Edoardo Croci & Benedetta Lucchitta & Suhana E. Reddy & Aitziber Egusquiza & Monica A. Altamirano & Tamara Trumbic & Andreas Tuerk & Gemma García & E, 2021. "State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions," Sustainability, MDPI, vol. 13(13), pages 1-21, July.
    3. Raymond, Christopher M. & Frantzeskaki, Niki & Kabisch, Nadja & Berry, Pam & Breil, Margaretha & Nita, Mihai Razvan & Geneletti, Davide & Calfapietra, Carlo, 2017. "A framework for assessing and implementing the co-benefits of nature-based solutions in urban areas," Environmental Science & Policy, Elsevier, vol. 77(C), pages 15-24.
    4. Zwierzchowska, Iwona & Fagiewicz, Katarzyna & Poniży, Lidia & Lupa, Piotr & Mizgajski, Andrzej, 2019. "Introducing nature-based solutions into urban policy – facts and gaps. Case study of Poznań," Land Use Policy, Elsevier, vol. 85(C), pages 161-175.
    5. De Crescenzo, Veronica & Botella-Carrubi, Dolores & Rodríguez García, María, 2021. "Civic crowdfunding: A new opportunity for local governments," Journal of Business Research, Elsevier, vol. 123(C), pages 580-587.
    6. Phillips, Wendy & Knight, Louise & Caldwell, Nigel & Warrington, John, 2007. "Policy through procurement--The introduction of digital signal process (DSP) hearing aids into the English NHS," Health Policy, Elsevier, vol. 80(1), pages 77-85, January.
    7. Hansen, Rieke & Frantzeskaki, Niki & McPhearson, Timon & Rall, Emily & Kabisch, Nadja & Kaczorowska, Anna & Kain, Jaan-Henrik & Artmann, Martina & Pauleit, Stephan, 2015. "The uptake of the ecosystem services concept in planning discourses of European and American cities," Ecosystem Services, Elsevier, vol. 12(C), pages 228-246.
    8. Filipe Santos, 2012. "A Positive Theory of Social Entrepreneurship," Journal of Business Ethics, Springer, vol. 111(3), pages 335-351, December.
    9. Arnouts, Rikke & van der Zouwen, Mariëlle & Arts, Bas, 2012. "Analysing governance modes and shifts — Governance arrangements in Dutch nature policy," Forest Policy and Economics, Elsevier, vol. 16(C), pages 43-50.
    10. Andrea Beltramello & Linda Haie-Fayle & Dirk Pilat, 2013. "Why New Business Models Matter for Green Growth," OECD Green Growth Papers 2013/1, OECD Publishing.
    11. Gunilla Lindholm, 2017. "The Implementation of Green Infrastructure: Relating a General Concept to Context and Site," Sustainability, MDPI, vol. 9(4), pages 1-13, April.
    12. Arnold Tukker, 2004. "Eight types of product–service system: eight ways to sustainability? Experiences from SusProNet," Business Strategy and the Environment, Wiley Blackwell, vol. 13(4), pages 246-260, July.
    13. Laura Michelini & Daniela Fiorentino, 2012. "New business models for creating shared value," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 8(4), pages 561-577, September.
    14. Babí Almenar, Javier & Elliot, Thomas & Rugani, Benedetto & Philippe, Bodénan & Navarrete Gutierrez, Tomas & Sonnemann, Guido & Geneletti, Davide, 2021. "Nexus between nature-based solutions, ecosystem services and urban challenges," Land Use Policy, Elsevier, vol. 100(C).
    15. Beatriz Mayor & Pedro Zorrilla-Miras & Philippe Le Coent & Thomas Biffin & Kieran Dartée & Karina Peña & Nina Graveline & Roxane Marchal & Florentina Nanu & Albert Scrieciu & Javier Calatrava & Mariso, 2021. "Natural Assurance Schemes Canvas: A Framework to Develop Business Models for Nature-Based Solutions Aimed at Disaster Risk Reduction," Sustainability, MDPI, vol. 13(3), pages 1-18, January.
    16. Evgeniya Lupova-Henry & Nicola Francesco Dotti, 2019. "Governance of sustainable innovation: Moving beyond the hierarchy-market-network trichotomy? A systematic literature review using the ‘who-how-what’ framework," ULB Institutional Repository 2013/283521, ULB -- Universite Libre de Bruxelles.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Md Tasbirul Islam & Usha Iyer-Raniga, 2023. "Circular Business Model Value Dimension Canvas: Tool Redesign for Innovation and Validation through an Australian Case Study," Sustainability, MDPI, vol. 15(15), pages 1-47, July.
    2. Simon Stork & Rolf Morgenstern & Bernd Pölling & Jan-Henning Feil, 2023. "Holistic Business Model Conceptualisation—Capturing Sustainability Contributions Illustrated by Nature-Based Solutions," Sustainability, MDPI, vol. 15(19), pages 1-20, September.
    3. Javier Babí Almenar & Claudio Petucco & Tomás Navarrete Gutiérrez & Laurent Chion & Benedetto Rugani, 2022. "Assessing Net Environmental and Economic Impacts of Urban Forests: An Online Decision Support Tool," Land, MDPI, vol. 12(1), pages 1-27, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Remme, Roy P. & Meacham, Megan & Pellowe, Kara E. & Andersson, Erik & Guerry, Anne D. & Janke, Benjamin & Liu, Lingling & Lonsdorf, Eric & Li, Meng & Mao, Yuanyuan & Nootenboom, Christopher & Wu, Tong, 2024. "Aligning nature-based solutions with ecosystem services in the urban century," Ecosystem Services, Elsevier, vol. 66(C).
    2. Joaquin Sanchez-Planelles & Marival Segarra-Oña & Angel Peiro-Signes, 2020. "Building a Theoretical Framework for Corporate Sustainability," Sustainability, MDPI, vol. 13(1), pages 1-21, December.
    3. Umberto Pernice & Francesca Coccon & Fabienne Horneman & Caterina Dabalà & Silvia Torresan & Laura Puertolas, 2024. "Co-Developing Business Plans for Upscaled Coastal Nature-Based Solutions Restoration: An Application to the Venice Lagoon (Italy)," Sustainability, MDPI, vol. 16(20), pages 1-39, October.
    4. Simon Stork & Rolf Morgenstern & Bernd Pölling & Jan-Henning Feil, 2023. "Holistic Business Model Conceptualisation—Capturing Sustainability Contributions Illustrated by Nature-Based Solutions," Sustainability, MDPI, vol. 15(19), pages 1-20, September.
    5. Beatriz Mayor & Helen Toxopeus & Siobhan McQuaid & Edoardo Croci & Benedetta Lucchitta & Suhana E. Reddy & Aitziber Egusquiza & Monica A. Altamirano & Tamara Trumbic & Andreas Tuerk & Gemma García & E, 2021. "State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions," Sustainability, MDPI, vol. 13(13), pages 1-21, July.
    6. Britta Restemeyer & Floris C. Boogaard, 2020. "Potentials and Pitfalls of Mapping Nature-Based Solutions with the Online Citizen Science Platform ClimateScan," Land, MDPI, vol. 10(1), pages 1-17, December.
    7. Florian Lüdeke‐Freund & Stefan Gold & Nancy M. P. Bocken, 2019. "A Review and Typology of Circular Economy Business Model Patterns," Journal of Industrial Ecology, Yale University, vol. 23(1), pages 36-61, February.
    8. Reficco, Ezequiel & Layrisse, Francisco & Barrios, Andres, 2021. "From donation-based NPO to social enterprise: A journey of transformation through business-model innovation," Journal of Business Research, Elsevier, vol. 125(C), pages 720-732.
    9. Rob Roggema & Nico Tillie & Greg Keeffe, 2021. "Nature-Based Urbanization: Scan Opportunities, Determine Directions and Create Inspiring Ecologies," Land, MDPI, vol. 10(6), pages 1-30, June.
    10. Diaz Lopez, Fernando J. & Bastein, Ton & Tukker, Arnold, 2019. "Business Model Innovation for Resource-efficiency, Circularity and Cleaner Production: What 143 Cases Tell Us," Ecological Economics, Elsevier, vol. 155(C), pages 20-35.
    11. Diana Dushkova & Annegret Haase & Manuel Wolff & Dagmar Haase, 2021. "Editorial for Special Issue “Nature-Based Solutions (NBS) in Cities and Their Interactions with Urban Land, Ecosystems, Built Environments and People: Debating Societal Implications”," Land, MDPI, vol. 10(9), pages 1-7, September.
    12. Marcelo Enrique Conti & Massimo Battaglia & Mario Calabrese & Cristina Simone, 2021. "Fostering Sustainable Cities through Resilience Thinking: The Role of Nature-Based Solutions (NBSs): Lessons Learned from Two Italian Case Studies," Sustainability, MDPI, vol. 13(22), pages 1-20, November.
    13. Simon Stork & Bernd Pölling & Wolf Lorleberg & Rolf Morgenstern & Jan-Henning Feil, 2023. "Clustering Business Models of Heterogeneous Nature-Based Solutions Implementing Innovative Governance and Financing Concepts," Land, MDPI, vol. 12(12), pages 1-22, November.
    14. Siobhan McQuaid & Esmee D. Kooijman & Mary-Lee Rhodes & Sheila M. Cannon, 2021. "Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises," Sustainability, MDPI, vol. 13(22), pages 1-25, November.
    15. Ian Mell & Sarah Clement & Fearghus O’Sullivan, 2023. "Mainstreaming Nature-Based Solutions in City Planning: Examining Scale, Focus, and Visibility as Drivers of Intervention Success in Liverpool, UK," Land, MDPI, vol. 12(7), pages 1-23, July.
    16. Ryfisch, Simon & Seeger, Isabel & McDonald, Hugh & Lago, Manuel & Blicharska, Malgorzata, 2023. "Opportunities and limitations for Nature-Based Solutions in EU policies – Assessed with a focus on ponds and pondscapes," Land Use Policy, Elsevier, vol. 135(C).
    17. Rúben Mendes & Teresa Fidélis & Peter Roebeling & Filipe Teles, 2020. "The Institutionalization of Nature-Based Solutions—A Discourse Analysis of Emergent Literature," Resources, MDPI, vol. 9(1), pages 1-18, January.
    18. Glauco Gallotti & Marco Antonio Santo & Ilektra Apostolidou & Jacopo Alessandri & Alberto Armigliato & Bidroha Basu & Sisay Debele & Alessio Domeneghetti & Alejandro Gonzalez-Ollauri & Prashant Kumar , 2021. "On the Management of Nature-Based Solutions in Open-Air Laboratories: New Insights and Future Perspectives," Resources, MDPI, vol. 10(4), pages 1-21, April.
    19. Lei Li & Ali Cheshmehzangi & Faith Ka Shun Chan & Christopher D. Ives, 2021. "Mapping the Research Landscape of Nature-Based Solutions in Urbanism," Sustainability, MDPI, vol. 13(7), pages 1-41, April.
    20. Rembrandt Koppelaar & Antonino Marvuglia & Lisanne Havinga & Jelena Brajković & Benedetto Rugani, 2021. "Is Agent-Based Simulation a Valid Tool for Studying the Impact of Nature-Based Solutions on Local Economy? A Case Study of Four European Cities," Sustainability, MDPI, vol. 13(13), pages 1-17, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:11931-:d:667239. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.