Nature-based solutions (NBS) are considered essential to solving the climate crisis. They have the potential to simultaneously address climate change, biodiversity loss and human wellbeing and development, by providing different ecosystem services. However, the typically small size of NBS projects, the difficulties to measure and monetize their co-benefits as well as the long time frame for investment returns and the risk profile, undermine their attractiveness for funding. In comparison to NBS alone, the combination of NBS and ecosystem-based approaches, physical measures and technological measures is able to provide measurable outcomes quicker, reducing the risk profile and facilitating faster implementation and long-time maintenance, broadening opportunities for ecosystem innovation and increasing investment attractiveness. Aiming for bankability-by-design, RISE-IN will assess a set of climate resilient solutions (CRS), including NBS and ecosystem- based approaches and physical measures, by mapping and quantifying their co-benefits and identifying innovative financing and investment opportunities accordingly. Co-creation and participatory processes with local stakeholders, including investors and businesses, will enable the screening of the most adequate solutions for each site, in terms of functionality and funding and within a framework of just resilience. The assessment will be complemented by 3 climate risk assessment models that will reduce uncertainty regarding risks associated with extreme events, water run-off and capital loss. RISE-IN will demonstrate this concept for flood management (most costly type of disaster in Europe) in Cesena (IT), Christchurch (NZ) and Póvoa de Varzim (PT). RISE-IN demonstrations will be further tailored for replication in Ghent (BE), Zhytomyr (UA), Kadikoy (TR) and in 3 additional sites of Demonstrator Cities (Demo Cities) to prove the impact of the concept to facilitate bankability and upscale implementation across EU and Internationally.

The Project ‘WeGenerate’ as signified by its name, seeks to infuse the elements of people and co-creation in the urban regeneration processes. It fully embraces the paradigm shift from building for the people to building with the people. We – cities, citizens, communities, businesses, researchers, and practitioners – take ownership of the urban regeneration processes and co-create together sustainable, people-centric, accessible, and beautiful neighbourhoods. This project is based on the stories of four neighbourhoods and their communities located in different parts of Europe. Although they are at different stages of development and are facing different urban challenges, but they share the same vision of positive change. WeGenerate will help them to reinvent themselves and in the process find new values and opportunities. WeGenerate sets out a journey to find the right ingredients and recipes for sustainable and inclusive urban regeneration that can create long-lasting positive impacts within the neighbourhoods and beyond. The process will be highly participatory with close collaboration with the city administrations as well as the citizens, local communities, and businesses. Advanced digital applications (such as Digital Twins, Metaverse and extended reality) will be implemented and experimented to support decision-making and stimulate citizen engagement. Expertise in Social Science and Humanities is called upon to foster social innovation and participatory actions across the project. In addition to technological and social interventions, the art and cultural dimensions will be drawn on in the co-creation processes. Four sustainable and people-centric neighbourhoods will be realised by the end of the project, the legacy will be upheld through replication by five Fellow Cities and others, who are inspired by the WeGeneration stories.