EAERE Newsletter Autumn 2013
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Institutional Highlights

Presidential Correspondence arrow

Nyborg Karine Nyborg, EAERE President
Dear EAERE Members,
Fall is here. Day by day, Oslo is getting darker and colder. Here’s something that has been cheering me up, though: Your responses to the survey evaluating this summer’s EAERE Conference in Toulouse confirm my subjective impression that people were very happy with the event. More than 70 percent of respondents judge “overall content compared to other conferences” as “good” (48%) or “excellent” (23%); the alternatives being “poor” (4%) and “average”(18%). People report to be satisfied with all types of sessions, as well as the social events. It is also interesting to note that there is massive support for the current conference format, including the full paper submission rule, the pre-assigned discussants, and a maximum of 500 oral presentations.


From the Editor arrow

KoundouriPhoebe Koundouri, EAERE Council Member and Newsletter Editor
Dear EAERE Friends and Colleagues,
Farewells are never easy, even when they are combined with exciting welcomes! For this Autumn issue of our Newsletter, we have kept our traditional structure, but tried to populate it with contributions from the outgoing members of EAERE Council.

Partha Dasgupta, EAERE Council outgoing Past President, leads the Newsletter’s Research Highlights section with a reference to a fascinating article on The Nature of Economic Development and The Economic Development of Nature using as backdrop two recent books on the Indian economy that are representative of ‘the prevailing orthodoxy’, as Partha calls it, his study reveals that the entire architecture of contemporary development thinking is stacked against nature. Partha concludes with the following recommendation: ‘These are still early days in the measurement of the wealth of nations, but both the theory and the few empirical studies we now have at our disposal tell us that we should substantially alter the way we interpret the economic progress’. This piece is followed by a reference to the Harward Honorary Degree received by Partha, while in the Letters from the Regions section you can also find an interesting piece by Partha on ‘Getting India Wrong’.


Editorial Report from Environmental and Resource Economics (ERE), the official journal of EAERE arrow

ERE Bateman
Ian Bateman, EAERE Editor-in-Chief

As we head towards the end of 2013 we can count this as a further very successful year for the journal. Submissions passed the 500 per annum mark last year and look like them will exceed that number by some way in the present year. This reflects a pretty impressive record of 11 years of continual growth in submissions (it might be longer than that; but that’s how far our files go back!). People also read our papers – at least they download them – over 160,000 per year at the last count. This popularity is also reflected in a good showing for the journal Impact Factor which is at its highest ever level (see Figure 1) and compares well to competitor journals (see Figure 2).


EAERE Elections - New Council Members

EAERE members have recently elected three new members of the Association's Council:

Bretschger Bosetti Pittel
Lucas Bretschger Valentina Bosetti Karen Pittel

EAERE would like to thank all the candidates for participating in the elections and wishes the new President-Elect and the new council members every success. We would like to thank also all those members who took part in the elections.


Thanks to Outgoinig Council Members

Dasgupta Liski Roseta-Palma
Sir Partha Dasgupta Matti Liski Catarina Roseta-Palma

Our warmest gratitude to Sir Partha Dasgupta, Matti Liski and Catarina Roseta-Palma for their insightful contribution and commitment to the Association.


New Policy Advisor

VolleberghHerman Vollebergh is the new EAERE Policy Advisor. EAERE expresses its warmest gratitute to the former policy advisor, Ger Klassen, for the precious advices given to the Association, and welcomes Herman on board.


5th World Congress of Environmental and Resource Economists - Updates arrow

WCERE/2014Ozgur Kayalica WCERE Local Organising Committee Chair
Dear EAERE members,
It is a great pleasure for us to invite you to participate in the 5th World Congress of Environmental and Resource Economists (WCERE) which will take place between June 28 and July 2, 2014. This time, we invite you to come together in Istanbul, the unique World Heritage city. What city could better provide the appropriate backdrop for a World Congress than one that straddles two continents, Europe and Asia.


Scholarships at WCERE/2014

We are proud to announce that EAERE makes available 10 grants of the value of €1500 each for participants to WCERE/2014.
Three of the above-mentioned grants will be assigned to participants in the pre-conference course on "Applied Methods Related to Regime Shifts in Social-Ecological Systems" organised by the Beijer Institute. Other grants for the participation in the course are made available by the Beijer Institute.
Details on eligibility and application process available at www.wcere2014.org/en/Grants.html


A Summer School for Researchers from Developing Countries arrow

de ZeeuwAart de Zeeuw, Former EAERE President (1998-1999)
People may have noticed that courses were organized for researchers from developing countries just before the World Congress of Environmental and Resource Economists in Montreal in 2010 and just before the EAERE 19th Annual Conference in Prague in 2012. A new tradition seems to develop and it may be interesting to learn about the background and the intentions.
EAERE started with the series of annual conferences in Venice in 1990 but it was felt that more was needed. With the help of FEEM, an Autumn School was organized in Venice in 1991 for European PhD students and the idea was that others would follow but unfortunately the whole thing collapsed. When I became president of EAERE in 1998, I wanted to revive the idea and I was fortunate enough to find Ignazio Musu, the dean of Venice International University, willing to offer the VIU facilities on the beautiful island of San Servolo.
We started the organization and my successor Alistair Ulph opened in 2000 the series of EAERE-FEEM-VIU European Summer Schools that is still going strong.


2013 EAERE-FEEM-VIU European Summer School on Uncertainty, Innovation and Climate Change arrow

Group PhotoValentina Bosetti, Bocconi University and Fondazione Eni Enrico Mattei
The 2013 EAERE Summer School had, as a theme, climate change policy with a focus on uncertainty. Uncertainty is pervasive when dealing with a long-term problem, like that of climate change.
It is a central issue when thinking about the problem itself, when collecting data, when formalising relationships, processes, and dynamics in the form of models, and when producing results to be communicated to scholars, policy makers, or the general public. Addressing this uncertainty is a great challenge from an academic perspective, as the tools and analyses that are being developed to address uncertainty are sophisticated and at the frontier of research. It is, perhaps, even more important and a greater challenge from a broader perspective, as communicating the uncertainty inherent in climate change to a lay audience is crucial, in order to successfully move forward with solutions.
The topic chosen attracted many outstanding applicants, more than ever in the past, and narrowing the selection down to 20 proved to be a very hard task.


Awards 2013

During the conference Awards Ceremony at the EAERE 20th Annual Conference, the winners of following awards were announced: Further information regarding the Awards available at www.eaere.org/content/awards.


Outstandig Awards - Call for Nominations arrow

EAERE invites nominations for the sixth edition of the EAERE Outstanding Achievement Awards, which recognise excellence in achievement in two areas:
  • European Lifetime Achievement Award in Environmental Economics
  • European Practitioner Achievement Award in Applying Environmental Economics


Call for Individual and Institutional Memberships

EAERE Call for Individual and Institutioanl Memberships is open.
We encourage you to renew your membership and keep supporting the Association to further its aims. As per previous years, EAERE is offering a rich portfolio of individual and collective benefits for members, making the return on a membership more valuable than ever.

Information on Membership categories, eligibility and methods of payment available at www.eaere.org/content/memberships


EAERE New website

As you may already have noticed, EAERE’s new website was launched in early October.
We have completely redesigned the layout to strengthen simplicity and ease of use.
If you would like to submit contents (events, job opportunities, job market candidates’ profiles, books, educational programmes, useful resources) for inclusion in the website, follow the instructions at the dedicated pages or send us a note at eaere@eaere.org: the rules remain unchanged.
Members will be able to access the password-protected pages with the same password they received in the membership confirmation e-mail.
The EAERE website displays a huge amount of information on the Association’s past and future initiatives: conferences, awards, summer schools, benefits for members. We warmly encourage to explore it!
We truly hope you will enjoy exploring our new website, and please feel free to send us comments or suggestions you may have.


Reflections on EAERE/2013 arrow

EAERE/2013David Alary, François Salanié, Nicolas Treich, LERNA and Toulouse School of Economics
The 20th Annual Conference of the European Association of Environmental and Resource Economists (EAERE) was held in Toulouse, France, on June 26-29, 2013. We were part of the organizing team within LERNA and the Toulouse School of Economics, and here are a few topics that we would like to put forward.

A big conference represents a lot of work: the conference gathered around 750 participants from about 50 countries. From a scientific viewpoint, this represents 1280 papers submitted and graded by 265 referees, and the allocation of 475 papers to 161 parallel sessions, 3 keynote lectures, 8 policy sessions, 6 thematic sessions, 2 pre-conference events, and finally 25 papers presented as posters. The members of the scientific committee (Fredrik Carlsson and Nicolas Treich) would like to warmly thank the referees, and congratulate the orators and the prize winners.
Similarly, and on behalf of the local organizing committee David Alary would like to thank all those that participated in the process – from the PhD students to numerous people assigned to a nearly infinite number of various tasks, and that often provided their help for free – so that the budget eventually remained finite.


Presidents' Forum: Environmental economics: a New Science of Pleasure? arrow

FolmerHenk Folmer, Former EAERE President (1992-1993) and Honorary Member
Before EAERE, some twenty years ago, environmental economics was rather invisible in Europe, in spite of the rapidly increasing number of environmental problems and the growing criticism of the environmental policy at that time, notably standards and controls. Even more so, there were no `environmental economists’; there were economists working on, inter alia, environmental problems. However, they were submerged in public, regional and micro economics departments; environmental economics was a side job. It goes without saying that there was little interaction among the ‘semi’ environmental economists, especially Europe wide. In this environment, the EAERE initiative (see EAERE Newsletter, Autumn 2012) was timely and well received.
There was a rapid increase of membership, from Europe, the US and the rest of the world. Furthermore, EAERE got its own journal, ERE. The association also started organizing an annual conference that has been attended by participants from all over the world, and it is one of the co-organizers of the world conference.


Keynote Lecture: The Early History of Environmental Economics, Agnar Sandmo arrow

SandmoAgnar Sandmo, Department of Economics, Norwegian School of Economics
When Nicolas Treich, co-chairman of the scientific committee, asked me to give a keynote lecture to the Toulouse Conference on “the history of thought in environmental economics” I was naturally very gratified. It is always a pleasure to be able to talk about your own field of interest to a large audience; to be able to talk about two of your fields at the same time is a double pleasure – almost a double dividend. However, I had to give some thought to the more specific topic of my lecture. Environmental economics is a young field of specialization in economics; a common view is that it emerged as a separate field in the 1960s. But the research that has been published since that time still forms part of the standard references in our field, and a history of thought might then easily turn into a survey of the current literature.


Keynote Lecture: On Sustainability and Social Welfare, Marc Fleurbaey arrow

AsheimGer Asheim, University of Oslo
Marc Fleurbaey's keynote lecture 'On Sustainability and Social Welfare' at this year’s EAERE conference in Toulouse examined the definitions of sustainability and the link between sustainability and social welfare.
In his definition and analysis of sustainability, as presented in his lecture, Marc adopts a discrete time framework with a finite time horizon. The discrete time framework nicely allows for separation of the possibilities for future generations from the achievements of the current generation. The finite horizon eliminates from the analysis complications of dubious practical relevance.
He defines the current welfare level to be sustainable if there is a feasible path where future welfare is maintained at or above the current level.


David Pearce Lecture: Using Behavioural Economics to Influence Environmental Decisions, Rachel Croson arrow

Roseta-PalmaCatarina Roseta-Palma, EAERE Vice-President
The David Pearce Lecture at our annual conferences is meant to focus on the interface between economics and policy. In this spirit, Rachel Croson presented a talk on the use of behavioral economics to influence environmental decisions.
The basic insight from behavioral economics is that individuals aren’t always maximizers. This has been clear to psychologists for some time, but economists typically responded with a number of well-known arguments. For instance, the “as if” hypothesis states that what is going on in people’s minds is immaterial as long as they act as though they are indeed picking their best option.
However, there is now a large body of data that shows the weakness of this hypothesis in many different contexts, highlighting systematic deviations from the rational (optimizing) choice. A second response has been to argue that individual biases are irrelevant as long as they average out in institutions such as the market. Yet some biases persist as market anomalies.


Thematic Session: Designing contracts for REDD+ arrow

HArstadBård Harstad, University of Oslo
Whether one is concerned with climate change, biodiversity or native populations, an important part of the solution will be to avoid deforestation. So-called REDD-contracts stands for payments for “reduced emissions from deforestation and forest degradation.” This formulation is a bit loose, since it is far from clear how these payments should be structured: How much, to whom, when, and after which evidence and for which conditions? The details are important here, and one of the motivations for this thematic session was to illustrate exactly this.


Thematic Session: Energy, Risks and Regulations arrow

Thomas P. Lyon, University of Michigan, and Shanti Gamper-Rabindran, University of Pittsburgh
The thematic session “Energy, Risks and Regulations” was organized by Thomas P. Lyon (University of Michigan) and Shanti Gamper-Rabindran (University of Pittsburgh), and chaired by Peter Eggers (ETH Zurich).
Gamper-Rabindran presented work-in-progress with Arie Beresteanu (University of Pittsburgh) on inspections in the shale industry, The rapid growth of shale gas industry in the US, along with concerns about potential adverse environmental impacts, raises the question on how effective have inspections been in reducing violations of environmental regulations, both at the inspected well pad and spillover effects on neighboring well pads or other well pads operated by the same firm. The paper investigates this question using an author-assembled database for shale gas wells in Pennsylvania, United States.


Thematic Session: Equity and Climate Policy arrow

Snorre Kverndokk, Frisch Centre, Oslo and Linda Nøstbakken, Norwegian School of Economics, Bergen
During the EAERE conference in Toulouse in June, we organized a thematic session on “Equity and Climate Policy”. There are several reasons why we find this to be an important topic. While climate change generally has been recognized as a threat to our future both by scientists and politicians, there is still an ongoing debate on what to do about it.
A major challenge is equity. Even if we all agree on the natural science basis for climate change and the costs to abate greenhouse gas emissions, people may not agree on what the optimal emission reductions are. The reason is that optimal emission reductions to a large degree depend on equity issues, which have not been fully explored by economists.


Thematic Session: Resource Use and Public Finance arrow

BretschgerLucas Bretschger, ETH Zurich
How can resource exporting countries use resource revenues optimally to plan public expenditures? What are resource importers’ optimum tax strategies when resources are essential and growth depends on capital accumulation? The interface between resource economics and public finance is a theoretically demanding field with many novel and fruitful policy applications. The thematic session at this year’s EAERE annual conference was aimed at presenting fundamental implications of resource market dynamics on the behavior of governments, households, and firms operating in open and growing economies. It was the aim to add to our general understanding of theoretical relationships and to provide the ground for better evaluation
of national resource and tax policies. Thereby, the openness of the countries with respect to goods trade and financial markets plays a role both for public finance and optimum resource use. In the same way, endogenous growth dynamics have to be considered for the longer run.


Policy Session: Economics of coastal and marine ecosystem services: The need for evidence-based policy arrow

HanleyNick Hanley, University of Stirling
Recent publications such as the UK National Ecosystems Assessment and TEEB have emphasized the importance of attaching economic values to changes in ecosystem service flows and biodiversity. However, most work to date (conceptual and empirical) has been conducted in terrestrial environments. At the same time, policy innovations in the EU – such as the Marine Strategy Framework Directive, and revisions to the Bathing Waters Directive - have placed increasing demands on the evidence base for values associated with marine and coastal ecosystems. This session held as part of the Toulouse meeting investigated the implications of these recent policy changes for environmental valuation; investigated conceptual and empirical aspects of this important valuation problem; and considered how policy-makers demands for information from the environmental economics community can best be met.


Policy Session: Looking for the double dividend: from theory to practice arrow

SchubertKatheline Schubert, Paris School of Economics and University Paris 1
France has the lowest ratio of environmental tax to total taxes in the EU. In December 2012, The French Government set up a green tax committee (le “Comité pour la Fiscalité Ecologique” : CFE) in order to move towards a tax system protecting natural resources and limiting the distortive burden affecting economic competitiveness. This policy event aimed at discussing the lessons that can be drawn from the first steps of this Committee, and at learning from the experiences of other European countries (related by Thomas Sterner for Sweden, and Frank Convery for Ireland).
The CFE is an independent and permanent committee, chaired by Christian de Perthuis and composed of 40 members representing the civil society, belonging to trade unions, industry, NGOs, consumers´ organizations, regional and local authorities, the French Parliament and the European Parliament. Experts from the University, the Ministry of Economy and Finance and the Ministry of Ecology provide technical support.


Policy Session: Equity and efficiency tradeoff in natural risk prevention policies arrow

A. Mauroux, French Ministry of Ecology, Sustainable Development and Energy - CGDD
The trade-off between equity and efficiency objectives is a well known conundrum of policy making. European Union member states may be facing it now as they are applying the Flood Directive (EC 2007/06) and designing their flood risk management policy. If you were a policy maker in charge of natural risk management, would you rather give your financial support to projects that secure the greatest risk reduction per unit of public money, or to options allowing that all your fellow citizens are exposed to the same level of risk? If you prefer the first option, then you are economic efficiency defender, but you may concentrate all the financial resources on a few area at the cost of vulnerable areas. On the contrary, if you prefer the second option, then you are more of an equity lover, but you may finance less profitable projects.


Policy Session: Applying: behavioural economics research to enhance the design of environmental policy arrow

Zachary Brown, OECD
Nick Johnstone and I - representing the OECD Environment Directorate - chaired a session on the potential applicability of behavioural economics in aiding the design of instruments for environmental policy. A mix of academic experts and policy practitioners in government comprised the panel, which fielded questions from the audience and chair. The empirical examples discussed spanned a number of policy domains – from the potentially large role behavioural instruments can play in promoting energy efficiency, to the seemingly innocuous but far-reaching nuances involved in communicating environmental risks to the public, and finally the potential for discontinuous behavioural responses to environmental subsidies, responses which are larger than those implied by the economic magnitude of the incentive.


Policy Session: Decision-making under uncertainty and political economy constraints arrow

HallegatteStephan Hallegatte, The World Bank
At the 2013 EAERE annual conference in Toulouse, a policy session was organized by the World Bank on “Decision-making under uncertainty and political economy constraints”. The idea was to understand why many policy reforms are not implemented, even though they are unambiguously positive according to economic analysis. The aim was to derive lessons for policy analysis and academic research. The session started with a preview of the next World Development Report, to be published in October 2013 and entitled “Risk and Opportunity: Managing Risk for Development”. The presentation by Stephane Hallegatte (World Bank) proposed a typology of the obstacles to the implementation of cost-efficient risk management policies. The report investigates and hierarchizes implementation obstacles, including financial resource constraints, behavioral and cognitive failures, lack of infrastructure and public goods, externalities and coordination failures, and political economy issues.

Research Highlights

The Nature of Economic Development and The Economic Development of Nature arrow

DasguptaSir Partha Dasgupta, EAERE Past-President

Dear Phoebe,
I am taking the liberty of sending you a paper I have recently completed, with the hope that members of our community of scholars, especially EAERE members, will have access to it. You will find that the text displays a sense of irritation on my part at the way growth and development economists continue to find it possible to bypass environmental and resource economics in their work. They do that by refusing to acknowledge that nature is a form of productive capital.
I have commented on this category error many times in past years, but last summer I was provoked into writing the paper I am sending you by two recent books on the Indian economy that are representative of the prevailing orthodoxy.


Harward Honorary Degree to Sir Partha Dasgupta

Warmest congratulations to Sir Partha Dasgupta for the Honorary Degree received from Harvard University. Further information available at harvardmagazine.com/2013/05/honorary-degree-recipients


Incentives for behavioral change arrow

Roseta-PalmaCatarina Roseta-Palma, EAERE Vice-President
Economists are used to thinking about incentives, and our education tends to focus particularly on monetary incentives. In our work as environmental and resource economists we naturally take the same approach, as we go about identifying market failures and designing incentives to try to correct them. I do believe, however, that we should widen our scope, learning from behavioral economics and even other social sciences. In fact, one of the plenary speakers at the EAERE Conference in Toulouse, Rachel Croson, also approached this topic, as described elsewhere in this Newsletter. In this short piece, meant as a sort of farewell from the EAERE Council, of which I was a privileged member for the last four years, I have written some personal reflections based on recent work.


Erik Kempe Award 2013 arrow

HarstadBård Harstad, University of Oslo
I am deeply honored to receive the Erik Kempe Award for 2013. The quality of research in environmental economics is picking up and there have been very many excellent papers published the last years. The prize also made me optimistic because it recognizes – and may draw further attention to – an under-studied type of environmental policy: those targeting the supply-side. In this newsletter I have been invited to say a bit more about my paper.
Before doing so, let me start by reminding you of the problems with “traditional” environmental policy. Traditional environmental policies focus on regulating consumers or emitters, whether through quotas, cap-and-trade systems or carbon taxes. Unfortunately, whenever some countries opt out of a global climate coalition, the result is so-called “carbon leakage”.


Award for Outstanding Publication in ERE arrow

TschirhartJohn Tschirhart, University of Wyoming
I am exceedingly grateful to the editors of Environmental and Resource Economics for selecting my article for the 2012 Best Paper award. The paper so honored is an example of my work that attempts to integrate ecology and economics for improved natural resource policies. The paper extends work based on a General Equilibrium Ecosystem Model. GEEM admits more ecological detail than most other bioeconomic models. It is a modified version of an economic CGE model in which industries are replaced by species, firms are replaced by individual plants and animals, and individuals are assumed to behave as if they are optimizing net energy intake. Demand and supply is replaced by predator-prey relations, and predators engage in intra and inter-species competition for prey. GEEM dynamics involve individuals converting their optimum net energies into offspring, a common ecological notion, and not unlike firms entering or exiting markets depending on profits. As CGE models reveal insights that are not forthcoming in partial-equilibrium analyses, the same can be said for GEEM and its advantage over single-species bioeconomic models.


Best Poster Award at EAERE Annual Conference arrow

SmithGregory Smith, The Centre for Social and Economic research on the Global Environment (CSERGE), University of East Anglia
Receiving the award for the best poster at the EAERE conference in Toulouse was a fantastic honour as well as being a big surprise. Not only was Toulouse my first EAERE conference, it was also my first international conference of any kind! The research presented in my poster is close to being submitted to a journal, with a final draft currently being prepared. The motivation for the paper comes from two common observations, the first is that people value environmental goods but are uncertain about the precise amount, and the second is that different contingent valuation elicitation methods lead to different outcomes.


Reflections on the 2012 ICCG Climate Think Tank Ranking Award arrow

MarkandyaAnil Markandya, EAERE President-Elect
It was a real pleasure and a surprise when we received the notice that BC3 had been awarded the 2012 ICCG Climate Think Tank Ranking award.
When I was appointed Scientific Director of the Centre in 2008 my aim was to create an institution that would make an important contribution to climate change, with a particular focus on the socio economic dimensions of the problem. We were given generous initial support from the Basque government but on the clear understanding that we had to prove ourselves. At that stage I would never have dared to believe we would be rated the top think tank in Europe within five years. During that time we have grown to a centre with about 30 researchers and 5 support staff, working on various aspects of climate change.


The ICCG Think Tank Map project: an Observatory of Worldwide Climate Think Tanks arrow

AlloisioIsabella Alloisio, ICCG Think Tank Map Coordinator, International Center for Climate Governance
The International Center for Climate Governance (ICCG) was founded in 2009 as a joint initiative of Fondazione Eni Enrico Mattei (FEEM) and Fondazione Giorgio Cini. The ICCG, chaired by Professor Carlo Carraro, is an internationally renowned center whose research activities focus on climate change economics and policy. Located on the Island of San Giorgio Maggiore in Venice, ICCG gathers researchers in economics and political sciences who explore the interdependencies between the economic, social, cultural, ethical, and political aspects of climate economics and policy.
The Think Tank Map project, was launched in 2011 by the ICCG as an observatory aimed at providing a complete overview of active worldwide think tanks in the field of climate change economics and policy. The Think Tank Map is at present composed of 282 think tanks worldwide (Figure 1).

Policy-related news from the European Commission

EU Climate Policy Beyond 2020 arrow

Herman Vollebergh EAERE Policy Advisor, Ger Klaassen, former EAERE Policy Advisor
The European Commission's Work Programme for 2013 contains an initiative "New climate & energy framework" for the period up to 2030. This should provide a long-term perspective on how the EU moves from its 2020 targets to a low-carbon economy through a comprehensive framework. The framework has the following objectives:
- to meet the 80-95% GHG emission reduction objective in 2050 compared to 2050
- to foster long term competitiveness, security of supply and sustainability
- to provide a long-term perspective for investments until 2030

News from the EC Funded Research

THESEUS - Innovative technologies for safer European coasts in a changing climate,
Science-Policy Interface event

TheseusTHESEUS (Innovative technologies for safer European coasts in a changing climate) is the largest Integrated Project within coastal risk assessment and mitigation funded by the European Commission (6,530,000 €) and consists of 31 partner institutes.
The project will develop during the next four years a systematic approach to deliver both a low-risk coast for human use and healthy coastal habitats for evolving coastal zones subjected to multiple factors. (Project Website: www.theseusproject.eu/) THESEUS final conference held 18 October 2013 at the Royal Belgian Institute of Natural Sciences Event Webpage: www.theseusproject.eu/finalconference/home


ENTRACTE - Economic iNsTRuments to Achieve Climate Targets in Europe, 1st Newsletter

EntracteThe ENTRACTE research project, funded by the 7th Framework Programme of the European Union, assesses the EU's climate policy portfolio. In order to optimize the policy mix it is crucial to provide a deep understanding of how climate policy instruments interact with each other and with related policy instruments. Mainly, ENTRACTE looks at the European Union Emissions trade System (EU ETS) taking into account its interaction with additional policy instruments such as energy efficiency standards, renewable policies, carbon taxes, innovation policies and trade measures.

The direct link to the NL as PDF : http://entracte-project.eu/fileadmin/entracte/downloads/ENTRACTE_Newsletter_No1.pdf


Global IQ - Impact quantification of global changes, 2nd Newsletter

GlobalIQThe objective of Global IQ is to provide significant advances in these two directions from the viewpoint of the economist’s community. Economics of globalization is a prominent research topic in contemporary economics. Economics of climate change is also an area of intense research since twenty years especially in Europe.
2nd Newsletter available here


OpenAIRE - Open Access Infrastructure for Research in Europe, Workshoparrow

openAIRE Open Access is the immediate, online, free availability of research outputs without restrictions on use commonly imposed by publisher copyright agreements. Open Access includes the outputs that scholars normally give away for free for publication; it includes peer-reviewed journal articles, conference papers and datasets of various kinds. Why Open Access? Here are some of the advantages of Open Access:


News from Other Institutions Working on Environmental and Resource Economics

Impact Factor: Does it measure what we need? arrow

EDE Xepapadeas
Anastasios Xepapadeas, Former EAERE President (2006-2007)
The impact factor for a journal, which has long been used as a metric for science journals, has entered the field of economics forcefully in recent decades. The websites of most economic journals now display the journal’s impact factor, and many times potential contributors to a journal will inquire about the impact factor before submitting a paper. The impact factor as a concept is a valuable tool which can provide objective information about the visibility and impact of the research published in a given journal and thus about the journal’s role in promoting further research in the field. In practice, however, there are certain aspects of the impact factor which could be refined to make it more valuable to the field of economics. One specific example of this relates to the method of calculating the impact factor. A journal’s two-year impact factor, the most commonly used measure, is calculated as follows.


Q&A Regarding the Launch of the Journal of the Association of Environmental and Resource Economists (JAERE)

AEREA Q&A on AERE new journal from AERE President Alan Krupnick and the journal transition team is available here. It discusses the editorial team, submissions, schedules, availability and all the other information you need for interacting with this journal.


French Association of Environmental and Resource Economists arrow

FaereVincent Martinet, EAERE France Country Representative
The French environmental economists and their French-speaking colleagues took the opportunity of the EAERE 21st Annual Conference to meet in Toulouse last June, for creating their own association. The French Association of Environmental and Resource Economists – FAERE aims at bringing together researchers, teachers, academics and all those engaged in research and / or expertise in environmental and natural resources economics. FAERE also helps at promoting all kind of works in the field and takes steps and actions to make the works of the Association members known by public and private institutions. It intends to build strong relations with the different related scientific associations (AFSE, EAERE, and others like AERE, CREE, etc.).



Getting India Wrong

DasguptaSir Partha Dasgupta, EAERE Past-President
A central message of modern development economics is the importance of income growth. By this, economists tend to mean growth in gross domestic product, or the market value of what a country produces (including services). In theory, rising GDP creates employment and investment opportunities; and as incomes grow, both citizens and government are increasingly able to set aside funds for the things that make for a good life.
Download the full article here.


The Value of Domestic Building Energy Efficiency-Evidence from Ireland arrow

LyonsRonan Lyons, University of Oxford
The potential costs of climate change put into stark relief the lack of energy efficiency in residential dwellings across the developed world. In that context, earlier this year the European Commission published a report prepared by Bio Intelligence Service, IEEP and Ronan Lyons (then Balliol College Oxford, now Trinity College Dublin) on the relationship between energy efficiency ratings and property market outcomes. The background to the report was the EU’s Energy Performance of Buildings Directive (EPBD), which introduced in 2002 a framework for energy performance certification in Europe.


PROBAPS - Protection of the Baltic Sea: Benefits, Costs and Policy Instruments arrow

HuhtalaAnni Huhtala, Government Institute for Economic Research, VATT
The results of a large-scale international research project "Protection of the Baltic Sea: Benefits, Costs and Policy Instruments", PROBAPS, were presented at the European Parliament in September 2013. The project on marine modelling, valuation and cost-benefit analysis was initially inspired by the Stern Review on climate change. Despite the enthusiasm for an internationally coordinated effort to study the state of the Baltic Sea, an obvious obstacle in the very beginning was that there was a lack of research funding. Ultimately, the funding problems were solved and the extensive research program was carried out by a “BalticSTERN” network of researchers.


Briefing note: Flood insurance and the Water Bill

FrankhauserFlorence Crick, Sam Fankhauser, Swenja Surminski, Bob Ward, London School of Economics
Ahead of the second reading of the Water Bill in the House of Commons on Monday, 25th November, the Grantham Research Institute, LSE, has prepared a short briefing note on the provision of flood insurance and opportunities to enhance the Government's proposed Flood Re scheme.
Briefing Note Dowloadable here.


Contingent Valuation in the Spanish Prestige Oil Spill Court Case arrow

LoureiroMaria Loureiro, University of Santiago de Compostela
The sentence of the Prestige oil spill was made public on November 13th 2013, exactly on the day of the eleventh anniversary of the catastrophe. The verdict was pronounced after a very long judicial investigation process that took close to 10 years, and a trial that lasted for nine month, with more than 204 witnesses and experts. This was the largest trial that has ever taken place in the Spanish court system.

An important actor in this trial was the prosecutor office, presenting a full report of the total economic damage caused by the Prestige oil spill in Spain from 2002-2006, mounting to €4328 million. The report contained estimates for cleaning costs as well as for the economic losses related to fisheries, shellfish, production, and the tourist sectors, among others. In addition, an input-output analysis was included to compute other related commercial losses. As a novelty, it also added the non-use value estimates published by Loureiro, Loomis and Vazquez (2009) in Environmental and Resource Economics, so as to value the intangible environmental losses. This was the first time in Spain claiming non-use values in an environmental accident, adding to the few cases in Europe where judges allowed contingent valuation estimates into a trial process.


Institutional Events and Deadlines

30 November 2013
Deadline for Nominations for EAERE Outstanding Achievement Awards

15 December 2013
Deadline for expressions of interest for the organisation of EAERE 21st Annual Conference in 2016

20 January 2014 - 5 June 2014

Specialization PhD courses, University of Gothenburg
EAERE Supported Event

9 - 12 June 2014
Monte Verità Conference on Sustainable Resource Use and Economic Dynamics (SURED 2014)
EAERE Supported Event

27 - 28 June 2014
Applied Methods Related to Regime Shifts in Social-Ecological Systems, Short course held in conjunction with WCERE/2014
EAERE Supported Event


28 June 2 July 2014
5th World Congress of Environmental and Resource Economists, Istanbul, Turkey

6 - 12 July 2014
EAERE-FEEM-VIU European Summer School: "The Economics of Adaptation to Climate Change", Venice, Italy

24-27 June 2015
EAERE 21st Annual Conference, Helsinki, Finland

28 June - 4 July 2015
EAERE-FEEM-VIU European Summer School: "Environmental Regulation", Venice, Italy

Job Market

The European Job Market for Environmental and Resource Economists aims to offer the two sides of the market - institutions with open positions and candidates looking for a job - both a virtual and a physical place to meet and look for the best match. Candidates, universities, public and private institutions, and corporations are invited to apply to participate in the Job Market.

EAERE Job Market is a great opportunity for both candidates and institutions, arrange an interview at the 5th World Congress of Environmenta and Resource Economists
Visit the Candidates and the Open Positions pages.


Events, Books, Journals, Educational Programmes, Web Resources

Information on events, booksjournalseducational programmes, useful links, policy resources, is available on the Association's website.

EAERE members are encouraged to post announcements of interest for the field.
It is sufficient to send an e-mail to eaere@eaere.org containing the information to be posted.
It is a great opportunity to let your news be known by a wide audience!

Institutional Members

EAERE Institutional Members 2013

Public and private institutions are invited to support the Association to further its aims by joining EAERE as institutional members.
Incomes from institutional membership fees are used exclusively and completely to further the aims of the Association. The Association reserves to institutional members a rich portfolio of benefits and different membership options and prices. Spread the word and invite other institutions to join us!


  • Basque Centre for Climate Change - BC3
  • Center for International Climate and Environmental Research - Oslo - CICERO
  • Cyprus University of Technology - CUT
  • European University Institute - Climate Policy Research Unit - EUI
  • Frisch Centre
  • Fondazione Eni Enrico Mattei- FEEM
  • Research Institute of Capital Formation, Development Bank of Japan Inc. - RICF DBJ
  • Statistics Norway, Research Department
  • Stockholm Resilience Centre
  • Toulouse School of Economics, Laboratoire d’Economie des Ressources Naturelles (LERNA)
  • TEN Center - Thematic Environmental Networks, Venice International University
  • The Beijer Institute of Ecological Economics


  • CEIGRAM- Universidad Politécnica de Madrid
  • Centre d'Economie de la Sorbonne - CES
  • Centre d'Etudes et de Recherches sur le Développement International - CERDI
  • Centre for Environmental and Resource Economics - CERE, Department of Economics, Umea University
  • Centre for Research on Energy and Environmental Economics and Policy IEFE
  • Center Interuniversitaire de Recherche en Economie Quantitative - CIREQ
  • Department of Agrifood and Environmental Systems Management (DiGeSA), University of Catania
  • Department of Environmental and Business Economics, University of Southern Denmark - SDU
  • School of Agricultural & Resource Economics, Universtiy of Western Australia
  • The Grantham Research Institute on Climate Change and the Environment - GRI
  • Tilburg Sustainability Center
  • UMR AMURE (Brest University-ifremer)
  • University of Gothenburg, Department of Economics, Environmental Economics Unit
  • The Centre for Social and Economic research on the Global Environment (CSERGE), University of East Anglia
  • VU University Amsterdam, Institute for Environmental Studies - IVM
  • Wageningen University
EAERE is most grateful for their support.