About the Project
FOREST brings together research leaders across Botany, Economics, Engineering, Finance, Geography and Statistics to reimagine our relations with nature. People and nature are not separate – we are dependent on nature as our life support system. The systematic failure of economic, political, and financial systems to take nature into account has resulted in climate and biodiversity crises. Ireland is now seeking to transition away from highly carbon-dependent social and economic practices, towards sustainable practices, systems and behaviours that support the coexistence of flourishing human systems and natural environments.
This project will investigate how to assign value to the natural world to create investment initiatives with ecological benefits, to encourage investors to actively invest in assets with environmental and societal benefits. It will examine the behavioural aspects and financial investment incentives that can be linked to the protection or restoration of forests. However, placing a financial value on nature is not enough to preserve it, there must also be policy initiatives, and stronger legal mechanisms which recognise the multiple benefits of forests such as carbon capture, biodiversity habitat, and recreation. The financial industry is beset by a focus on short term gains, caused by performance metrics, remuneration incentives and incomplete measures of value. Policy supports can to some extent address these market failures by creating incentives which incorporate the long term non-market and socio-cultural benefits of nature.
To explore behavioural and financial incentives for increased forestry (restoration, afforestation, rewilding, offsetting) in Ireland.
To correctly design incentives, an understanding of different perspectives on the values and benefits of nature in the widest sense is key, particularly in terms of impacting on individual and collective action. Actions taken have consequences for environment, people, and economies, but are often only assessed through a single lens. Implementing the right action in the right place urgently requires a new kind of multi-disciplinary dynamic, and a way of integrating data measured on different scales. This research challenge is inherently multidisciplinary in nature and will be conducted in conjunction with researchers across a range of relevant disciplines.
FOREST will use the increase in forestry in Ireland as a model system to explore the challenges associated with addressing climate and biodiversity issues, and examine potential solutions through a multi-disciplinary lens. It will recruit a team of PhD candidates to study as part of an interdisciplinary team to address complex human-nature relations and the social-economic-ecological challenges and opportunities associated with transitioning away from unsustainable to sustainable development pathways.
This project is part of the Kinsella Challenge-Based E3 projects at Trinity College Dublin, and PhD students will have the opportunity to work alongside the other successful projects, particularly in terms of team-building and dissemination events.
We are looking for a PhD researcher with a bachelor’s in business, finance or economics. PhD students will work as a team and so excellent team working and communication skills are required.
Enquiries email name/address: Professor Martha O’Hagan Luff ([Email Address Removed])
To apply: see details on https://www.tcd.ie/e3/research/e3-phd-programmes/apply/