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Green Economy
We cover a range of issues that bring economic analysis into policy making at the national, EU and global level. Our work focuses on different tools to support the transition to a green, resource efficient and circular economy including market-based instruments, cost and benefit assessments, sustainability indicators and environmental accounts.
We also explore the role of nature in the transition to a green economy and are at the forefront of analysis of the economics of biodiversity and ecosystem services.
Our research aims to support the integration of environmentally-sound economic signals in decision making, to encourage recognition of the true value of environmental resources and ecosystems.
The ‘green economy’ is one that pursues human progress without exceeding ecological thresholds, that ensures sustainability and simultaneously aims to reduce social disparities. Our work in this area has focused particularly on the policies and tools that are needed to support the transition to a green, resource efficient and circular economy, within the EU and internationally. There is a wide and expanding range of options.
We have examined marked based instruments to support the transition, including the use of environmental taxes and environmental tax reform (ETR), assessed the potential for reforming environmentally harmful subsidies (EHS) and explored the setting of incentives that reward environmentally progressive behaviour. Our work also aims to contribute to an improved understanding of the benefits and costs of environmental policy to provide an informed and balanced view to policy makers.
The analysis and assessment of the multiple benefits of nature to people, society and the economy is another focus of the team. Our work on assessing nature's multiple values seeks to support the integration of such values in decision-making and mainstream biodiversity and ecosystem services in relevant policy areas (e.g. agriculture, cohesion, water). The Programme has made a substantial contribution to the important international initiative The Economics of Ecosystems and Biodiversity (TEEB).
Another area of our work is the development and uptake of indicators of sustainability which take account of environmental and social factors contributing to human well-being, going beyond measures of economic performance such as the Gross Domestic Product (GDP). This runs in parallel with work on environmental-economic and natural capital accounts, exploring the use of such tools in policy. For example we have been supporting the European ‘Mapping and Assessment of Ecosystems and their Services’ (MAES) process.
“Urgent action is needed now to avoid significant costs of inaction, both in economic and human terms”. The OECD provides a clear message in its recent Environment Outlook to 2050: Act now – or face major and potentially disastrous consequences.
This IEEP-led study for the European Commission (DG ENV) improves the knowledge base on green infrastructure policy initiatives in Europe and assesses their implementation and efficiency. It also formulates policy recommendations for integrating green infrastructure into the EU policy framework.
Presentation by Marianne Kettunen of IEEP on the value of ecosystem services in the context of green economy at Nordic conference on Green Growth, in Oslo, Norway March 2012.
The latest edition of IEEP's newsletter is now available with articles on the new EU Treaty, the impacts of biofuels on biodiversity, benefits of Natura 2000, and much more...
Helsinki, 12-14 October. European and North-American scientific and technological community agree on their message for Rio+20, emphasising role of natural capital in underpinning Green Economy and echoing key messages from TEEB.
A report on the benefits provided to society by Sites of Special Scientific Interest (SSSIs) in England and Wales was just published. The study, led by GHK with support from others including IEEP, examines the range of ecosystem services provided by the network of SSSIs and estimates the monetary value of protecting them.
Described by Nicholas Stern as a 'landmark' work, a full account of The Economics of Ecosystems and Biodiversity, edited by institute staff, is now published by Earthscan.
The study demonstrates the value of ecosystems and biodiversity to the economy, society and individuals. It underlines the urgent need to transform our approach to natural capital, and demonstrates how we can practically take into account the value of ecosystems and biodiversity in policy decisions to promote the protection of our environment and contribute to a sustainable economy and to the wellbeing of societies.
The second volume from The Economics of Ecosystems and Biodiversity (TEEB) study, edited by Patrick ten Brink, Senior Fellow at the Institute for European Environmental Policy (IEEP) is to be published in March 2011.
The report for WWF provides an assessment of the value and status of some key ecosystem services in the Danube Basin, and some policy instruments to support them.
On 7 April, the Greens and the European Free Alliance (EFA) in the European Parliament organised a stakeholder workshop to discuss the future of the EU biodiversity policy, in particular the role of nature in maintaining human welfare and economic wellbeing.
The TEEB for National and International Policy Makers report, coordinated by IEEP's Patrick ten Brink is now up on the TEEB official website and available for downloading and circulation.This has been ...
The new major study calls on policy-makers to accelerate investments in the management and restoration of ecosystems. It gives clear recommendations to policy-makers across the globe and calls for more ...
The urgency of addressing the continued loss of ecosystems and biodiversity is being increasingly translated into economic terms and there is also increasing clarity on the needs for policy response and ...
IEEP presented the draft results of the project ‘Environmentally Harmful Subsidies (EHS) – Identification and Assessment' for peer review in Brussels on 16 September 2009.The project team ...
Patrick ten Brink of IEEP presented results of the COPI study for DGENV to economists from national administrations from across Europe at the Commission organised ENVECO 23 meeting on the 17th of June ...
The cost of losing biodiversity due to policy inaction has been recently quantified in the report on The Economics of Ecosystems and Biodiversity (TEEB), launched on the 29th of May at the CBD COP9 by ...
The European Commission, European Parliament, Club of Rome, OECD and WWF are hosting a high-level conference on the true wealth of nations at the Plenary Room of the European Parliament in Brussels on ...
