Finance @ Utrecht University School of Economics’ Post

Sharing this interesting link in the post attached. The degree to which hitherto unrecognised costs (externalities as economists call them) can be reflected in asset values is vitaly important for the future of humanity at the moment. I shall read this with interest and recommend it to all concerned with this issue. Joseph Lowe

A recently published paper by a group that includes IFB Partner, Professor Ben Groom ( Dragon Capital Chair in Biodiversity Economics at the Department of Economics, University of Exeter Business School), considers the impact of Environmental, Social and Governance biodiversity ratings on asset prices. #infinbio #BiodiversityFinance #ESG #SustainableInvesting #CorporateResponsibility #BiodiversityRatings #AssetPrices https://lnkd.in/e-Kmyudy

What do you know about #GRANULAR Rural Compass? A tool designed to analyse rural functionalities and their interactions across climate, social and spatial justice. It provides insights into rural resilience and governance challenges, while guiding more inclusive policy decisions. Check out the infographic!🔗https://bit.ly/4e1RrxM Also available in #French and #Italian in our publications page! #RuralDevelopment #Sustainability #RuralResilience #InclusivePolicy #ClimateJustice ------- CIHEAM-IAMM, Nordregio, Wageningen University & Research, International Institute for Applied Systems Analysis (IIASA), PAGE - Pisa Agricultural Economics, AEIDL (European Association for Innovation in Local Development), Agricultural University of Athens, The James Hutton Institute, Universidade de Vigo, Ecorys, Region Västerbotten, Natural Resources Institute Finland / Luonnonvarakeskus, CIHEAM Chania

I'm excited to share my first PhD chapter is now published in Environment and Development Economics! Across three different models (starting with QUAIDS - Duke Working Paper: https://lnkd.in/eDYwUJZ) and then to "EASI", we find a #carbon price of US$ 40/ton CO2 would negatively impact household welfare in #Uganda. While poorer households will be less affected relative to richer households, there is a sharp decline in food consumption and nutrient intake as carbon pricing makes food more expensive. The carbon price reduces emissions by 18%, but #firewood consumption rises significantly, leading to concerns of rising #deforestation in a tropical biodiversity hotspot in East #Africa. Read the full study here! https://lnkd.in/gzwZfCwF Replication package coming up soon. Environment for Development Centre for research on the economics of Climate, Food, Energy & Environment (CECFEE) Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH

I have not yet read it completely, but I am already very moved by this book. By the time "Environmental Economics was announcing itself to the world", in January 1979, I was only sixteen years old and was starting my academic life at the University of Brasilia. These 45 years are described in the book from the point of view of an Environmental Economist, a path I chose in 1989, after finding out about the size of the so called externalities. Thank you Nicolo Gligo, Francisco Juan Brzovic Parilo and, last but not least, Osvaldo Sunkel. The book tells a bit of the history of my student/researcher/lecturer/practitioner life. It mentions Karl-Göran Mäler, my supervisor in the PhD program (how could it not?), but it forgets some others that I had the honor to meet and that I find important actors. In the busy and messy life I am leaving right now, with G20, T20, BRICS+, and the "discovery" of the climate change and biodiversity emergency in Brazil, reading this book has been a way to reaffirm my choices along the way and to give my Economist soul some rest. #HSpencerBanzhaf #45yearsofEnvEcon #35yearsforme #SandraLerda #SandraPaulsen #TheBeijerInstituteofEcologicalEconomics #thanksbetoKGM #gratitudeisthebestatittude #stillgrowingstrong

Again, some top notch online insights for free. If you are into #systemicchange #business and #sustainability , join and listen to Katja Lähtinen. If #environmentaleconomics #climatepolicy and #forestry interest you, Jussi Lintunen is the one to listen to. #impact #nature #circular #environment #climate

Bringing Biodiversity and Climate Change into Decision Making People have asked me to post a summary of the 16 July event at the Royal Society on how the value of “nature” can be included in decision-making. Sponsored by the Royal Society, the Government Economics and Social Research Service, DEFRA and HM Treasury, it brought people together from private finance and industry, scientists and economists from academia, and subject specialists from across government. Building on the Royal Society’s recent successful seminar series , in collaboration with the Lord Mayor of London on the same theme. The July event discussed the reality of climate change and biodiversity loss and their interaction, and considered constructive responses, in response to the findings of the 2021 Dasgupta review on the Economics of Biodiversity (https://lnkd.in/ebJcGjnV). The event was chaired by Sir John Kingman KCB, Chairman of Barclays Bank UK plc, and the keynote speakers were: Steve Waygood, Aviva Investors; Vian Sharif, FNZ Group; Professor Tim Lenton, University of Exeter;  Emily McKenzie, from the Taskforce on Nature-related Financial Disclosures (TNFD0; Professor Ben Groom, Dragon Capital Chair, Exeter University, joint chair of the cross-government working group on the valuation of biodiversity. The wide-ranging Q&A discussion covered both climate change and biodiversity loss, and the increasing likelihood that climate tipping points may be reached within the lifetime of many people alive today. This included the importance of research, and the possibility that measures to reverse change may be able to use tipping-point effects to reverse global warming and biodiversity loss. The increasing awareness of many in the private sector is reflected in an increase in transparency and reporting of nature impacts. Participants welcomed and supported this but recognised that market realities mean the market is blind to costs to society that are without a price in the market. The need for the public sector to both lead by example and to support the internalisation of social costs into the market by the private sector, was understood and generally welcomed. The Environment Act 2021 provides ways forward and set targets, initially for net zero on climate change, and a no net loss in biodiversity followed by a net gain target. A new biodiversity calculation tool for planning authorities for use in land use planning applications. A generic biodiversity valuation method that is consistent with DEFRA’s natural capitals approach is required for use in spending and investment decisions. The cross-government expert working group on biodiversity valuation, established by HM Treasury and DEFRA has recommended using a target based “marginal cost of replacement” approach for biodiversity valuation. This is similar to the current target based marginal cost approach used for greenhouse gas values.

#READING https://lnkd.in/er7Rudi2 This report comes in addition to previous work related to all 3 Rio conventions: 🌀 #UNFCCC: the Stern review on climate change 🦠 #CBD: the Economics of Ecosystems and Biodiversity (TEEB) Initiative 🌱 #UNCCD: the Economics of Land Degradation Initiative, eld-initiative.org.

What Is Green Economics? Green economics is a methodology of economics that supports the harmonious interaction between humans and nature and attempts to meet the needs of both simultaneously. Green economists may study the impact of alternative energy sources, sustainable agriculture, wildlife protection, or environmental policies. #Green #Economic #humans #nature #energy #sustainable #agriculture #environmental #zist #plastic #polymer #زیست #پلاستیک #پلیمر #اقتصاد #سبز

Earth Economics is the newest member of the Pacific Northwest Cooperative Ecosystem Studies Unit (PNW CESU), hosted by the University of Washington. CESUs provide research, technical assistance, and education to federal land management, environmental, and research agencies and their partners. The partners serve the biological, physical, social, cultural, and engineering disciplines needed to address natural and cultural resource management issues at multiple scales and in an ecosystem context. The PNW CESU is one of seventeen CESUs representing biogeographic regions encompassing all 50 states, the District of Columbia, and U.S. insular areas. The broader network includes 19 federal agencies and more than 500 nonfederal partners such as tribes, academic institutions, state and local governments, nongovernmental conservation organizations, and other partners—all working together to support informed public trust resource stewardship. Earth Economics will focus on valuation of ecosystem services, which is becoming an important tool to agencies as they maximize public benefits from federal investments. In February, the White House’s Office of Management and Budget released guidance to agencies on accounting for ecosystem services in benefit-cost analysis. #PNW-CESU https://ow.ly/yy9Y50Tkqxa