ReSEES relevant projects

Prof. Phoebe Koundouri founded The International Centre for Research on the Environment and the Economy (ICRE8) in June 2014. ICRE8 is the outcome of the evolution of the Research Team on Socio-Economic and Environmental Sustainability (ReSEES). 

ReSEES does policy relevant interdisciplinary research on environmental, natural resources and energy issues. The overreaching goal of ReSEES theoretical and empirical research is to support the understanding and implementation of Sustainable Development, as the only non-self-destructive path of socio-economic development. 

Central to ReSEES Foundation mission is the pursuit of excellence in the conduct and presentation of research and a commitment to explore relevant environmental, natural resources and energy, issues for a variety of circumstances and stakeholders and across different temporal and spatial scales.

Research tools include financial analysis, socio-economic and econometric analysis, environmental valuation, political and institutional analysis, integrated environmental-economic modeling, life cycle analysis, risk analysis, geographical information systems, multi-stakeholder mediations techniques, game theory, information technology decision making tool development.

ReSEES team is an umbrella for the Research Projects, Publications and Scientific, Policy and Social Impact, produced by an interdisciplinary and international research team led by Prof. Phoebe Koundouri over the last 17 years.


Projects funded by: European Commission, DG Research and Innovation


GLOBAQUA (FP7): Managing the Effects of Multiple Stressors on Aquatic Ecosystems Under Water Scarcity, European Commission, FP7 Collaborative Project, THEME ENV.2013.6.2-1: Water Resources Management Under Complex, Multi-Stressor Conditions. Grant agreement no: 603629. Duration: 5 years; Start Date: January 2014.
Budget: 9,990,594.80 euro
Coordinator: CSIC, Spain
Project Website:
Project Video:

MERMAID (FP7): Innovative Multi-purpose Off-shore Platforms: Planning, Design and Operation – aims at developing novel innovative design concepts for offshore platforms to address different physical conditions (from deep water to shallow and inner waters) in order to make the best use of the ocean space. Launched in January 2012 for 3 years, MERMAID gathers 28 partners from 13 countries, under the coordination of Danmarks Tekniske Universitet (Denmark).
Budget: 7.4 million euro
Coordinator: Technical University of Denmark, Denmark.
Project Website:

OpenAIRE Sustainability Plan (FP7): Technical Specifications of the Tender for Sustainability Model and Business Plan for the Infrastructure and Organisation of OpenAIRE. European Commission, DG Research. Duration: 1 year (July, 2013 – June, 2014).
Budget: 76,900 euro
Coordinator: Phoebe Koundouri, AUEB-RC (RESEES)
Project Website:

THESEUS (FP7): Innovative coastal technologies for safer European coasts in a changing climate (FP7-ENV-2009-1). European Commission, DG Research, 7th Framework Programme: Global Change and Ecosystems.
Budget: 6,530,000 euro
Project Website:

Global-IQ: Impacts Quantification of global changes (SSH-2010-2.1-3, Analysis of the impacts of global changes). European Commission, DG Research and Innovation, 7th Framework Programme. Grant agreement no: 266992. Duration 3 years: 2012-2015. Number of partners: 11. EC contribution to budget: 2,700.000 euro. Coordinator: Toulouse School of Economics. (GLOBAL IQ FLYER)

GENESIS (FP7): Groundwater and dependent Ecosystems: New Scientific basis on climate change and land-use impacts for the update of the EU Groundwater Directive. Total Cost: 9,170,600 euros. EC Contribution: 6,997,200 euros.
Duration: 60 months (start 1. April 2009)
Consortium: 25 partners from 17 countries
Project Coordinator: Prof. Bjørn KløveNorwegian Institute for Agricultural and Environmental Research (Bioforsk), NORWAY


EUROLIMPACS: Evaluate Impacts of Global Change on Freshwater Ecosystems. Integrated Project

AQUASTRESS: Solving Water Stress Problems by Integrating New Management, Economic and Institutional Instruments.

IASSON: Sustainable Development of the Mediterranean and Black Sea Environment.

SESAME: Southern European Seas: Assessing and Modelling the changes in Ecosystems. European Commission, Directorate General Research

e-LUP: Simulating Land Use Processes


ARID CLUSTER: Strengthening complementarity and exploitation of results of related RTD projects dealing with water resources use and management in arid and semi-arid regions

BIOdiversity and Economics for CONservation

Developing training products on the economic elements of the water framework direct

Sustainable Use of Water on Mediterranean Islands: Conditions, Obstacles and Perspectives


CYPRUS: Integrated Water Management in Cyprus: Economic and Institutional Foundations


Projects funded by: European Commission, DG Environment

AQUALIBRIUM: European Water Management between Regulation and Competition

The impact of REACH on the environment and human health


Projects funded by: Governments or Private Sector

2015: Economic Valuation of Groundwater in the Emirate of Abu Dhabi. Phoebe Koundouri is acting as an official Reviewer. (Environmental Agency of Abu Dhabi, Division: Environmental Analysis and Economics)

2014-2015: Development of a National Stratery to Improve the Municipal Solid Waste Management Sector in the Hashemite Kingdom of Jordan (The Hashemite Kingdom of Jordan)

2013-2014: Water and Green Growth Program – Phase 2. The concept of Green Growth has emerged as a new growth paradigm in 2010 to ensure environmental sustainability and simultaneously promote economic development. Adopting Green Growth policy can be the cornerstone of the solutions to current water and energy challenges.
Duration:  20 December 2013 – 30 April 2014
Project Funding: World Water Council
Project Coordinator: World Water Council
Project Website:

2013-2014: Economic Instruments to Protect Freshwater Resources in the Republic of Buryatia, Lake Baikal BasinThe Republic of Buryatia is facing severe constraints to economic and social development that derive from the administrative ban and restrictions on economic activities in the Lake Baikal protected area.
Project Funding: OECD (Organization for Economic Co-Operation and Development.
Duration: 31 December 2013 to 25 November 2014.
Project Coordinator: Organization for Economic Co-Operation and Development

2012-2013: Master Plan for Amiantos Mines (Forestry Department, Cypriot Ministry of Agriculture, Natural Resources and the Environment)

2012: The Economic Value of Groundwater (The UK Environment Agency)

2010-2012: Social Cost Benefit Analysis for the Mining-Metallurgical Installation of the Hellas Gold SA at Kassandra, Chalkidiki (Hellas Gold)

2010: Integrated Management for the ASOPOS River Basin (Greece): Economic Efficiency, Social Equity and Environmental Sustainability (Andreas Papandreou Foundation and National Bank of Greece)

2009-2011: Bank of Greece Report on Climate Change (Bank of Greece) 
Climate Change Impacts Study Committee 
Study Results (in Greek) 
Bank of Greece: Other Studies 
Hellenic Parliament: Parliamentary Committees 
My Report

2009-2010: The Implementation of the Economic Aspects of Article 11 of the Water Framework Directive in Cyprus(Government of Cyprus)

Creating Incentives for Environmental Friendly Practices when Farmers are Risk Averse and Production Stochastic: Recommendations for EU Agricultural Policies Revision (Finnish Ministry of Agriculture)

2008: A Methodology for Integrated Watershed Management (International Institute for Environment and Development)

2007-2008: The Implementation of the Economic Aspects of Article 5 of the Water Framework Directive in Greece(Greek Government)

2006: The Importance of the Groundwater Economy to Indian Development: Investing in management for sustainability (World Bank Mission)

2003-2004: Water Pricing and Management in Urban China: Welfare Implications (World Bank)

2003-2004: World Bank Desk Work: A Report on the Economics of Arsenic Mitigation: Valuing Cost and Benefits Under Uncertainty and Health Risk (World Bank)

2003: Bangladesh Arsenic Mitigation Water Supply Project: Water Tariffication Re-structuring in Rural Bangladesh(World Bank)

2003: The significance of subsidized electric energy tariffs on the behavior of groundwater users for agriculture in India in general and in Rajasthan in particular (World Bank)

2002-2003: Setting up incentives for Leaded Gasoline in South AFRICA (US Environmental Protection Agency)

2002-2003: The Social Cost of Chemicals: An Economic Evaluation of the EU Chemicals Directive (UK World Wild Fund)

2002-2003: A Social Time Preference Rate for Use in Long-Tem Discounting (UK Treasury and Department for Environment, Food and Rural Affairs)

2002-2003: STAMP DUTY: Its Impact on the UK Housing Market and Proposals for Reform (Council of Mortgage Lenders)

2001-2003: PUMP PRIMING AWARD (R104211): Measuring Risk Attitudes in Agriculture (University of Reading)

2002: WRM (Water Resource Management) Group on Economic Incentives (World Bank)

2002: Sustainable Management of the South East Kalahari Aquifer System (Government of the Republic of Namibia)

2001: A Methodology for Valuing the Total Economic Value of Water for Industry and Tourism (Greek Government)

2000-2001: Assessing the Fairness of the Greek Health System Financing (World Health Organization)

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