Putting a price on nature
Researchers from the Centre for Social and Economic Research on the Global Environment have developed a methodology for assessing the economic value of freshwater and marine environmental systems.
The results are now being applied by the Environment Agency to the marine environment and the management of catchments, as required by the EU Water Framework Directive.
The Centre's research has led to a more cost-benefit based approach to implementation of the Water Framework Directive in the UK, compared to most other EU countries.