Environmental Economic     The interest from the international community in the area of ecological and environmental economics together with sustainable development is considerably recent, and rises from the perception of the severity of the environmental disruption which man, whilst performing his daily activities, is causing to the living planet. The problem of diminishing resources has been long neglected by many countries; the attention has been focused on until now, in most cases, the aspects tied to individual and Industry attainments, in connection with progressive affluence and adequate stock returns in invested capital.

Achieving sustainable development represents a decisive challenge in the future for mankind. The creators behind the Ecological and Environmental Economics Program are aware of the fact that this challenge can be overcome only if they take into consideration two key elements: the necessity to deal with the sustainable development themes through a multidisciplinary or integrated approach and the necessity to involve developing countries in this battle. In fact these countries must encounter difficult political choices, in which opposing factors come into play e.g. geophysical factors, social economic factors in connection with the environment, the conservation of the traditional cultural factors, the reduction of the economic disparity and development. A scientific analysis, to be completed by experts in various fields with origins from various cultural backgrounds and economies, is therefore necessary before the decision process takes place. This would create a capital of human need and international collaboration, which together would complement the acquiring of new necessary technology for economic development. It is not feasible to manage the global environment without this various expertise and an international agreement, which also requires the consensual use of a common language.
A multidisciplinary approach and the international cooperation, with a particular focus on developing countries, are the essential preconditions to win the battle that will lead to a sustainable development.
GREEN DESTINY 's Research focused on two thematic areas:

Economics of Natural Resources Use. Large groups of people depend on natural resources and make rational decisions about their use. GREEN DESTINY develops research projects that addresses economic issues related to resource management. What are the implications of full-cost pricing of natural resources, especially for the poor? What market failures can be successfully addressed through regulatory policies and what require better implementation and institutional change? How do institutional arrangements and co-investment strategies affect poverty? What incentives and national/ international policies will lead to better management of regional and global resources? What are some local impacts of these policies? Economics of Pollution Management Dirty water, waste, and indoor and outdoor air pollution have serious implications for human health and productivity. How do we assess the costs of pollution, especially for the poor? What policy instruments (taxes, subsidies, user-fees etc.) and services will result in cleaner air and water? What are some distributional outcomes associated with environmental policy instruments? How do we account for environmental costs in designing economic policies (trade, macro etc.)? These are some questions that proposals can address. GREEN DESTINY develops economics research projects related to environmental problems.