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The potential role of environmental economics in Teagasc - A scoping exercise 2006
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30/11/2006
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Hynes, S., The potential role of environmental economics in Teagasc - A scoping exercise 2006, 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).