Academics from LSE's Department of Geography and Environment, the Spatial Economics Research Centre and the Grantham Research Institute on Climate Change and the Environment have contributed to a new report, the UK National Ecosystem Assessment (UK NEA), which reveals that nature is worth billions of pounds to the UK economy.
The LSE team - Dr Susana Mourato, Dr Steve Gibbons, Dr Giles Atkinson, George MacKerron, Guilherme Resende and Murray Collins – led the economic analysis of cultural ecosystem services within the NEA, contained in Chapter 22 (Economic Values from Ecosystems), with a comprehensive hedonic price study of the amenity value of nature, a new analysis of the value of ecological knowledge, and an original study on the health and well-being benefits of exposure to nature. The team contributed also to the health and well-being analysis in Chapter 23 (Health Values from Ecosystems) and to the investigation of cultural ecosystem services in Chapter 16 (Cultural Services).
The report provides an analysis of the UK's natural environment in terms of the benefits it provides to society and continuing economic prosperity. It strengthens the arguments for protecting and enhancing the environment and will be used by the government to direct policy in future.
8 June 2011