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Earth Day: How the Economy impacts the Environment

April 22, 2020 marks 50 years of Earth Day. Amid the current crisis, it is more important than ever to protect our natural environment, as intact ecosystem are crucial for clean air, water and food supply or disease control and thus healthy and resilient societies. At SSE we have continuously increased the faculty of sustainability researchers, and dedicate courses in all our programs to topics like environmental economics and how businesses can respond to climate change and other sustainable development goals (SDGs).

With the Mistra Center for Sustainable Markets (Misum), SSE has established a cross-disciplinary research center to explore how markets are dependent on, and can contribute to, the wealth of societies in a healthy environment. We have an increasing amount of projects spread across different departments and institutes at the School, in particular in Economics and Finance. Pamela Campa, affiliated researcher at Misum and Assistant Professor at the Stockholm Institute of Transition Economics (SITE) has a particular focus on the interlinkages between economic activities and the state of the environment, and has published papers on e. g. environmental policies and the role of media and information.

"Thanks to research, we know a lot nowadays about different ways in which governments can effectively induce pollution reductions. Government policy can protect the environment by, for instance, charging taxes on pollution, commanding the adoption of clean technologies, creating markets for emissions, or subsidizing investments in clean technologies. My research shows that it can also be effective to simply ask companies to release information about their impact on the environment, and making sure that the public receives this information and identifies who are the biggest polluters. There is a lot of policy approaches, both soft and hard ones. Science is crucial to evaluate which instruments are most effective in which cases, but we need the political will to adopt and enforce them. To protect the earth’s health is crucial for human health as well, as reseach shows that the destruction of ecosystems makes it more likely that new diseases spread. The difficult times we are in at the moment reminds us that the protection of public health is one of the top priorities in modern societies, and intact nature is a prerequisite for this."

Education on sustainability and the environment

All students at SSE are confronted with global environmental challenges in one way or another since 2016. Either as projects or guest lectures as part of the broader curriculum, but to an increasing extent also in stand-alone courses. Learn more about key features of Environmental Economics as it is taught in our MSc. Economics program.

Misum