We attempt to express impacts of air and water pollution, and climate change, in monetary terms, even when they do not have market prices. This involves measuring people’s preferences relating to such as health, ecosystems and future time periods.
Using a common metric may help understanding their importance relative to other challenges that society faces. Similarly, these measures are compared with the costs of policies that alleviate the environmental impacts in order to develop an economic justification of these policies. At a more aggregated scale we use such data to create more holistic indicators of sustainable development.View our work on the impact of environmental pollution
We use insights from psychology within an economics framework to explain why individuals are more or less pre-disposed towards actions that are beneficial or less damaging for the environment. Specifically, we investigate the role of social norms in determining behaviours that affects the environment and triggers that might be effective in making such behaviour more environmentally sustainable. By observing real human behaviour in a controlled environment, we aim to test hypotheses regarding decisions relating to sustainable living.View our work on behavioural changes
The main topics in this context are:
- better understanding the emergence of cooperation in economic - ecological systems
- the sudden transitions that characterise collective behaviour
- whether the emergence of cooperation is a viable alternative to binding political agreements in the quest for a solution to our pressing global environmental problems