In this month's newsletter:
- eftec's Founding Director appointed to the Environment Council of the First Minister of Scotland: our Founding Director will be advising Nicola Sturgeon ahead of COP26 and beyond
- eftec on film: Natural Capital and Regenerative Farming at Cholderton: watch Duncan Royle demonstrate the value of natural capital approaches in this short film
- eftec welcomes new team members: Agata Makowska and Tiziana Papa apply their talents to environmental economics
eftec's Founding Director appointed to the Environment Council of the First Minister of Scotland
Our Founding Director, Ece Ozdemiroglu, has been appointed to the new Environment Council to advise the First Minister of Scotland. She will be working alongside 13 other experts including Dame Ellen McArthur and Prof Ian Bateman.
The Council will advise Nicola Sturgeon on how to remain at the forefront of tackling the climate emergency and ecological decline. They will discuss a range of issues including biodiversity, marine resources, waste, and the nature-based aspects of climate change and the Just Transition.
Speaking about her recent appointment, Ece said: “I am delighted and honoured by the appointment. This is a fantastic opportunity to bring together responses to climate and nature crises and to make the most of the evidence we have. I will do my best to use this chance to go to the heart of decision making in Scotland. My Glaswegian husband is also pretty impressed!”
First Minister, Nicola Sturgeon said “As well as acting as a sounding board for our near term policies, the group will advise us on the long-term policy trajectory for Scotland – taking into account the opportunities that becoming a net-zero society presents: growing our economy, improving our health and wellbeing and protecting Scotland’s iconic natural environment.”
The proposed work and plans resulting from the initial advice from this council will be published in a report at COP26. The official announcement can be seen here. Watch this space!
eftec on film: Natural Capital and Regenerative Farming at Cholderton
eftec is proud to have prepared a natural capital account to understand the multiple benefits of regenerative farming practices at the Cholderton Estate, on the Wiltshire/Hampshire border. The Cholderton Estate and eftec’s own Duncan Royle have been featured in a short film which explains the inspirational approach to regenerative farming adopted by the owner, Henry Edmunds, and the ability of our natural capital approach to unveil the value created by these regenerative practices and nature-based solutions.
The Cholderton natural capital account has been prepared as part of DEFRA's Environmental Land Management Scheme Test and Trial programme. The account shows the value nature provides to the Estate and the rest of the society to put the principle “public money for public goods” into practice. Public good benefits covered are biodiversity, carbon sequestration in woodland, hedgerows and soils, and recreation and air quality. The account demonstrated that these benefits provide a good return on current levels of agri-environment payments and the findings will inform the current policy considerations on the development of ELM.
Watch the film here! [24mins]
eftec welcomes new team members
Agata Makowska: Senior Consultant
Agata joined the core team in June 2021. She is an IPPR Economics Prize-winning economist with a strong skill set in quantitative policy analysis and a keen interest in environmental economics.
At eftec, she is working across service areas to help apply economic appraisal frameworks, in particular to chemicals policy and natural capital accounting and policy.
Prior to joining eftec, Agata held consultant and analyst roles at London Economics and Accenture. She managed and worked on projects for the UK Government, the EU, and private sector clients in areas such as climate change, space, education, trade, and finance.
Tiziana Papa: Senior Consultant
Tiziana joined eftec in August 2021. She is an economist with experience in quantitative and qualitative analysis and is particularly interested in the link between the environment and economic performance.
Her work at eftec merges her experience in macroeconomics and finance with natural capital thinking to attract more private finance to nature, promoting nature-based solutions for green finance and improving current ESG analysis that services the financial sector.
Prior to joining eftec, Tiziana was Head of the Europe Country Risk team at Fitch Solutions. In that capacity, she supported clients across different sectors with mapping and managing risks related to their operations and investment decisions.