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The potential role of environmental economics in Teagasc - A scoping excercise
Hynes, Stephen
Hynes, Stephen
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2006-12-01
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Hynes, S. The potential role of environmental economics in Teagasc - A scoping excercise, End of Project Reports, Teagasc, 2006.
Abstract
Environmental economics is a new area within the Teagasc vision programme. It is a distinct branch of
economics that acknowledges the value of both the environment and economic activity and makes
choices based on those values. The goal is to balance the economic activity and the environmental
impacts by taking into account all the costs and benefits. The theories are designed to take into account
pollution and natural resource depletion, which the current model of market systems fails to do. This
(failure) needs to be addressed by correcting prices so they take into account "external" costs. The aim
of this project was to look broadly at theses issues in relation to agriculture and natural resource usage
in Ireland. In particular it focused on the role that this branch of economics may play in the research
agenda of Teagasc in the future. The project was very short in duration (7 months) and was completed
on-time (30th November 2006).
The main objectives of this project were:
(i) the production of a document outlining what environmental economics involves and the potential
role of environmental economics within Teagasc
(ii) the organisation of a meeting with leading environmental economists and representatives from
environmental institutions in Ireland such as the EPA, SEI, MI and the DoE in order to discuss the
potential role of Teagasc within the environmental economic research community in Ireland.
Ultimately, this short project was designed to give line management and fellow staff members an
overview of what is meant by the term Environmental Economics and what type of research agenda
may develop within Teagasc under this heading. It was also intended that fellow staff members would
have a chance to suggest and participate in new environmental economic projects in the future.