project
ADVENT - energy and natural capital
30 June 2015 - 30 June 2017
PI/s in Exeter: Kate Tresidder
CI/s in Exeter: Professor Ian J. Bateman Professor Brett Day
Research partners: Researchers from the University of Exeter, University of Aberdeen, University College London, the University of Leeds, Plymouth Marine Laboratory and the University of Southampton are also involved with the UEA team.
Funding awarded: £ 1,000 (total funding of £ 2,000,000)
Sponsor(s):
About the research
Professor Andrew Lovett leads the £2M NERC-funded ADVENT project, to explore future UK low-carbon energy pathways and quantify what they would mean for natural capital and ecosystem services.
The project applies economic valuation to estimate in money terms the value of the ecosystem service changes associated with different future energy pathways.
The future energy pathways will include the kind of steps the UK will need to take in order to meet its energy policy goals of maintaining energy security, keeping energy affordable and cutting greenhouse gas emissions by 80 per cent by 2050.
The project will give policymakers the tools they need to analyse different energy futures in a way that brings energy and environmental considerations together into a single framework.
The full project title is 'ADdressing Valuation of Energy and Nature Together' (ADVENT).
Researchers from the University of Exeter, University of Aberdeen, University College London, the University of Leeds, Plymouth Marine Laboratory and the University of Southampton are also involved with the UEA team.