The Institute for Environmental-Economics is a professional body established in 2023 to advance the emerging field of environmental-economics worldwide, and to acquaint its +7,000 members in 34 countries with the various aspects of the professional area and inform them about continuing developments.
What is Environmental-Economics ?
Environmental-Economics is the theoretical and empirical scientific study of economic aspects of the environment. The study acknowledges that environmental services (or environmental resources) have economic value and that there are costs to economic activities that are not accounted for in traditional economic models.
Environmental services include things like access to water, air, forest or a park, and the climate. While it is difficult to put a cost on environmental services, there may be a higher price to pay when they are lost. As such, the study of Environmental-Economics deals with problems like the valuation of environmental services, cost of environmental degradation and externalities.
The field of study enables policymakers to write policies that allocate environmental services to economic activities, regulate usage, protect natural resources and guide ownership.
Systems of Environmental-Economic Accounting
SEEA Central Framework
What is it? The SEEA Central Framework is an international statistical standard for measuring the environment and its relationship with […]
SEEA Applications and Extensions
What is it? The SEEA Applications and Extensions is a companion document to the SEEA Central Framework. It was formulated […]