Project description
Understanding the crossroads of environmental science and economics
The impacts of climate change are becoming progressively more severe for communities and businesses globally, underscoring the urgency for enhanced action, innovation, and incentives to safeguard the environment. With the support of the Marie Skłodowska-Curie Actions programme, the GREENVEST project seeks to address this challenge by integrating cutting-edge econometric analysis with satellite data to examine the intricate relationships between environmental science and economics. Specifically, the project aims to evaluate market dynamics contributing to pollution and biodiversity loss, as well as the impacts of green investments on banks, local firms, and households. Ultimately, the findings will demonstrate the financial benefits of preservation, conservation, and green initiatives, providing valuable insights for policymakers.
Objective
GREENVEST fuses the power of satellite data and cutting-edge econometric analysis to study patterns emerging in two under-studied, inter-connected phenomena at the crossroads of finance, environmental science, and economics: (1) green investments and local economies and (2) the contribution of market dynamics on biodiversity loss and pollution. Drawing on research from environmental economics, climate science, finance, and business strategy, I will explore and reveal to what extent households' financial welfare is impacted by public and private investments in green projects and how the investments, performance, and environmental impact of local firms and banks are affected by government green initiatives such as the EU Green Deal and the US Inflation Reduction Act (IRA). GREENVEST’s new modeling approach will not only enable environmental economists to estimate the financial value of natural ecosystems, but highlight for the first time the financial value of nature conservation and the financial benefits of investments in nature-based solutions. With the world-renowned business school IESE as my host and channeling my project through its Institute of Sustainable Leadership, I will grow new skills in project management skills, R&I insight communication and satellite and biodiversity data analysis to become a leading voice in biodiversity and sustainable finance in both academia and as a European policy influencer about green investments in service to public, non-profit, and private institutions.
Fields of science
- engineering and technologymechanical engineeringvehicle engineeringaerospace engineeringsatellite technology
- social scienceseconomics and businesseconomicsmonetary and finances
- natural sciencesbiological sciencesecologyecosystems
- natural sciencesearth and related environmental sciencesatmospheric sciencesclimatology
- social scienceseconomics and businesseconomicssustainable economy
Keywords
Programme(s)
- HORIZON.1.2 - Marie Skłodowska-Curie Actions (MSCA) Main Programme
Funding Scheme
HORIZON-TMA-MSCA-PF-EF - HORIZON TMA MSCA Postdoctoral Fellowships - European FellowshipsCoordinator
31080 Pamplona
Spain