Rural Hub

Q&A with Ece Ozdemiroglu, guest speaker at the UK Forest Market Review

3 mins

John Clegg & Co (the forestry division of Strutt & Parker), in partnership with Tillhill, will be presenting The UK Forest Market Report 2020 via an online webinar on November 25th. The webinar will feature guest presenter Ece Ozdemiroglu, Founding Director of eftec, the first consultancy in the UK to apply environmental economics to public policy and business challenges. Ece is also a member of the Climate Change Committee- Adaptation Committee.

Ece is the Forest Market Report’s special guest speaker and will be speaking about the many benefits of investing in forestry. We caught up with her to find out more.

What led you to pursue a career in environmental economics consultancy?

“One day I read a book and my life changed” as a book called The New Life by Orhan Pamuk starts. The book I read was ‘A Blueprint for a Green Economy’ by David Pearce, Anil Markandya and Ed Barbier. The year was 1990 and I was looking for a Master’s Degree to start the following year. I studied Economics in Istanbul University. The Blueprint showed me how to put the skills I learnt in economics about framing and analysing a problem and incentivising behaviours to use for a better natural environment and human wellbeing. So the next year I joined the MSC in Environmental Economics at University College of London with Professors Pearce and Markandya.  

Towards the end of the MSc, I started to look for a job but had no luck from consultancies, who at the time, did not provide environmental economics services; I didn’t want to stay in academia and a government job was not open to me. I, together with a classmate, approached David Pearce to see if he would support us if we started a consultancy and that’s how eftec – economics for the environment consultancy – started in August 1992. 

What does your current job entail?

 I am a director of eftec. Currently my work focuses on natural capital accounting – exploring the impacts and dependencies of organisations on natural capital and presenting the myriad of information in formats familiar to audiences who normally deal with financial impacts and dependencies alone. My aim is to ensure the natural environment is seen as just as immediately important as financial and physical capital. 

What role do you play on the climate change committee?

I am a member of the Climate Change Committee – Adaptation Committee. I contribute on the economics of adaptation to climate change risks. In particular, I focus on the risks to natural capital; showing how investing in natural capital can be an adaptation action; and how economic analysis can help us communicate climate change risks better to businesses, government agencies and the general public. 

What do you think of forestry as an investment?

Forests are a prime example of how the natural environment provides us with a myriad of benefits – clean air, clean water, flood risk management, recreation for health and wellbeing and of course marketed goods like timber, fibre and energy. Investment in forests can be designed to deliver all / most, it doesn’t have to maximise one at the expense of all others because investing in forests can deliver both financial returns and economic / social / environmental returns. Forests are ideal assets for the modern investor in search of complete impact.

Watch Ece’s presentation: The many benefits of investing in forestry: what can natural capital accounts show us, at The UK Forest Market Report 2020 via Zoom.

Tickets are available here

Edward Daniels
Head of Forestry
+44 7557 203698
Send a message to Edward Daniels
3 mins

Related Articles


Ash dieback advice for landowners

Managing ash dieback has become a pressing problem for an increasing number of landowners who own woodland. Ash dieback is caused by the fungus Hymenoscyphus fraxineus. Originally imported on infected plants in 2012, it has become widespread across most of the UK with the East of England and Scotland being worst hit. Symptoms of ash […]

Developing a tree risk strategy – advice for landowners

Many landowners have seen a massive rise in the number of people wanting to walk in the countryside as a result of the Covid-19 lockdown, so now is a good time for farms and estates to review their tree management strategy. The Health and Safety Executive reports that every year between five and six people […]

Changes announced to Woodland Creation Planning Grant

Farmers and landowners in England will now find it easier to get financial support for planning new areas of woodland. The Forestry Commission has relaxed the rules for the Woodland Creation Planning Grant (WCPG) to encourage more tree planting. The WCPG is available to farmers and landowners with an interest in planting new woodland, to […]

Could woodland creation benefit your farm business?

Woodland creation is an increasingly attractive option to farmers and landowners considering ways to improve their business resilience and diversify income streams. In Scotland in particular there are several grants available to help, while the recent simplification in accessing expert advice for potential tree planting schemes will be an additional boost. The Farm Advisory Service […]

Talk to us

Want to talk to us about our rural specialisms? Send us a message and we will make sure it gets to the right person.

Please write your name
Please write a message

Sign up

Sign up to be notified when we launch new publications so you’re always ahead of the research.

Please write your name
Please write a correct email address
Send me updates about
Please tick a box