Guest lecturer from the ELD Initiative

10 May 2024
Dr Richard Thomas with the GRÓ LRT fellows of 2024
Dr Richard Thomas with the GRÓ LRT fellows of 2024

Dr Richard Thomas, the Scientific Coordinator of the Economics of Land Degradation (ELD) Initiative, delivered a two-day course on the economics of land dynamics for the fellows at the GRÓ LRT six-month training programme last week.

In his lectures, Dr Thomas introduced the ELD framework for the consideration of the economic values of land. He talked about the valuation of ecosystem services, instruments to incentivise sustainable land management, and introduced the 6+1 ELD approach and methodology to assess the economics of land management. The theory and basic elements of cost benefit analysis was also covered, but that method is used to assess whether an action or project is worth undertaking.

This was the seventh time Dr Thomas contributed to the GRÓ LRT Programme as a guest lecturer and his third time delivering lectures on the ELD framework.

The ELD Initiative is a global initiative established in 2011 by the United Nations Convention to Combat Desertification, the German Federal Ministry for Economic Cooperation and Development, and the European Commission. The initiative works toward making the economics of land degradation an integral part of policy strategies and decision-making by increasing the political and public awareness of the costs and benefits of land.

The GRÓ LRT team thanks the ELD Initiative for its continued collaboration and for providing the GRÓ LRT fellows with the opportunity to learn about the economic aspects of land dynamics.