September 2020 Newsletter

In this month’s newsletter:

  • In memory of Professor Dame Georgina Mace
  • Carribbean Overseas Territories Natural Capital Accounting Programme
  • Standardising environmental economics – 14 October 12:15, UKNEE webinar 2

Professor Dame Georgina Mace 

We are deeply saddened by the passing of Georgina Mace on 20th September. 

G MaceShe was well known globally for leading the science behind the IUCN Red List of endangered species, as well as contributing to the Millennium Ecosystem Assessment and the UK’s National Ecosystem Assessment. Amongst many of her public and academic posts, she served on the Natural Capital Committee and was a member of the Climate Change Committee.

While she was a conservation scientist, she always pointed out that economics and evolutionary biology were similar in their desire to understand how species survive given the growing scarcity of their resources. She appreciated the role that economic analysis plays in conservation and challenged us to always do better. Most recently, she had been the science leader for an eftec report on valuing biodiversity for the Forestry Commission. 

She was a visionary leader - always able to find a path through the complexity, enabling you to follow her and find your own path and, all the while, being a really lovely person. 

We have lost a friend and a mentor. We will never forget her and will do our best to honour her legacy as will all who have been privileged enough to work with or be trained by her.

Caribbean Overseas Territories Natural Capital Accounting ProgrammeDarwin Logo

eftec, with Joint Nature Conservation Committee and the New Economics Foundation, have just initiated an exciting new programme of work in the Caribbean, funded by the UK Government through “Darwin Plus”, engaging with local stakeholders to develop Natural Capital Accounting tools and practices. We will be leading the project and contributing our environmental economic expertise.

We are partnering with the local governments’ environment and statistics departments in Anguilla, the British Virgin Islands, Cayman Islands, Montserrat and the Turks and Caicos Islands (UK Overseas Territories) to build a suite of national environmental statistics to support management of the environment. The accounting work will align with the United Nations System for Environmental Economic Accounting (UN SEEA). 

The project offers an opportunity to reach new geographies; engage directly with local practitioners and build a network of practitioners and international organisations in the broader region. We’ll be reporting from the project again. 

Caribbean Beach


UKNEE Autumn Webinar Series – 2BSI Logo
Standardising environmental economics 

Date: 14 October 2020 
Time: 12:15 – 13:15

Presenters: Lesley Wilson, British Standards Institution (BSI) and Ece Ozdemiroglu, eftec

Did you know there are two British and International standards on applying monetary valuation methods (BS EN ISO 14008) and using the results in decision making (BS EN ISO 14007)? As the demand for economic analyses for environmental decision making increases, so does the appeal of standardisation.

standard – whether published by a National Standards Body such as BSI, or the International Standards Organisation (ISO) – allows organisations to demonstrate that they are undertaking good practice. Standards can be used to implement what good looks like in environmental economic analyses while creating other benefits such as improved understanding and decision making. For environmental economists they can be a useful tool.

Our speakers will give a brief introduction to standards and talk about standards available that are relevant to environmental economics. This includes the forthcoming BSI 8632 on Natural Capital Accounting, led by Ece Ozdemiroglu. You will also be invited to join the public consultation on the BSI 8632 that will start around the time of the webinar.