1. Financial Framework for TCS implementation WP 5 Domenico Giardini Rome, 5 Oct 2015

3. Timescale of EPOS implementation

4. EPOS funding model

5. Challenges Build a robust and sustainable TCS financial framework Coordinate financial, legal, governance and technical maturity of each TCS Integrate TCS architecture and funding availability of individual governments Build the TCS support in EPOS Secure additional funding streams for TCS Be ready with at least half of the TCS by the ERIC signature

6. WP5 Objectives A key goal of EPOS is to ensure long-term operational services (TCS); this in turn requires established, validated and stable funding mechanisms to support the TCS activities. WP5 will develop the financial framework for TCS implementation. Specific objectives include: interact with TCS to find long-term financial solutions considering its technical implementation plans; design a cost structure model covering common classes of services implemented in EPOS, such as TA, VA, NA and integration with ICS; assess the TCS investment and maintenance cost; propose a TCS funding model; interact with WP3-4 to develop an integrated legal, governance and financial harmonization plan for TCS implementation; present the assessment of TCS investment and maintenance costs and the proposed TCS funding model for approval by EPOS; establish the financial framework for all approved TCS by M36, to enable completing the validation phase of the TCS implementation.

7. Task 5.1 Transversal WP involving the participation of all the TCS and working in close coordination with WP3 and WP4. To achieve the overall goal of a sustainable financial framework for the TCS implementation, WP5 will establish a Financial Panel with representatives of WP3 and WP4, EPOS/ECO and all TCS WPs. Task 5.1 Cost assessment of TCS implementation Leader: ETH; Participants: All (Financial Panel). By interacting with the individual TCS and in joint meetings of the Financial Panel, this Task will explore the cost implication of TCS construction and implementation plans, work with individual TCS to verify investment and maintenance costs of TCS, check the coherency of the cost structure with national priorities for hosting institutions, design a cost structure model covering common classes of services implemented in EPOS (such as TA, VA, NA and ICS integration), advise TCS on cost assessment and optimization. Considering the different level of maturity of the TCS, this Task will be active throughout the whole project. D5.1 [M12], TCS cost structure model of different service activities D5.2 [M18], Assessment of TCS investment and maintenance costs

8. Task 5.2 Funding model for TCS implementation Leader: ETH; Participants: All (Financial Panel) This Task will work with individual TCS to verify the funding model proposed for the whole TCS and its components, verify the consistency of the proposed funding model with the TCS legal and governance status, mapping funding sources for implementation and M&O, consolidate the list of funding providers, check the coherency of the funding model with national priorities for hosting institutions, work with the EPOS ERIC to approve an integrated funding model for the provision of EPOS TCS, and advise TCS for the elaboration of a sustainable funding model. A key milestone of this task will be the joint development with WP3 and WP4 of the integrated legal, governance and financial harmonization plan for TCS implementation and its approval by the EPOS GA. This milestone will enable to enter in the testing phase of the TCS implementation of those TCS approved as mature by the EPOS GA, taking into account all financial, governance, legal, and technical aspects. In addition, WP5 will also interact with the ICS and its distributed services (WP6-WP7) to harmonize the financial models of ICS and TCS. D5.3 [M18], Proposed TCS funding model D5.4 [M24], Financial chapter for TCS implementation D5.5 [M36], Final cost structure and funding model for TCS entering in the testing phase

9. Task 5.3 Pre-operational phase for the TCS implementation Leader: ETH; Participants: All (Financial Panel) Validate the correct implementation and the sustainability of the financial framework for all the TCS (and ICS-d where appropriate) which will enter in the testing implementation phase, to ensure the long-term support and financial stability of the TCS beyond the completion of the EPOS-IP. D5.6 [M48], Validation of the implemented TCS funding model

10. Financial Panel (provisional) WP5 LeadDomenico Giardini, ETHZ Representatives of ECO and EPOS integration WP1 Management Lilli Freda, INGV WP3 Harmonization and IntegrationJoern Lauterjung, GFZ WP4 Legal and Governance FrameworkHelle Pedersen, CNRS WP6 ICS-TCS integrations and interoperabilityKuvvet Atakan, UiB Representatives of TCS WP8 TCS SeismologyFlorian Haslinger, ETHZ WP9 TCS Near-Fault ObservatoriesLauro Chiaraluce, INGV WP10 TCS GNSS Data & Products Carine Brunyninx, OMA WP11 TCS Volcano ObservationsGiuseppe Puglisi, INGV WP12 TCS Satellite Data Michele Manunta, IREA-CNR WP13 TCS Geomagnetic Observations Pavel Heida, IG-CAS WP14 TCS Anthropogenic Hazards Marc Schaming, UniStrasbourg WP15 Geological information and modelling Francois Robida, BRGM WP16 TCS Multi-scale laboratoriesMirjam Kan-Parker, UU WP17 TCS Geo-Energy Test Beds for Low Carbon Energy Chris Luton, NERC

11. Next steps 31.12.2015 (M3)MS28: Financial panel established 31.3.2016WP5 meeting, possibly together with WP3-4-6 for a first definition of the services targeted for implementation April-June.2016TCS site visits 30.9.2016 (M12)D5.1: TCS cost structure model of different service activities 1.10.2016 WP5 integration meeting 31.3.2017 (M18) MS29: TCS cost structure model (D5.1), assessment of TCS investment and maintenance costs (D5.2) and proposed TCS funding model (D5.3) are completed