UK economist Sir Partha Dasgupta wins $300,000 Zayed environment award

Mumbai: Sir Partha Dasgupta, the Frank Ramsey professor of economics at Cambridge University and one of the most outstanding environmental economists of his generation has won the $300,000 Zayed International Prize for Scientific and Technological achievements in environment.

Sir Dasgupta is one of the leading economists in the UK making the link between sustainability and economics in many ways well before such work was fashionable or fully understood.

Professor Dasgupta coined the term "inclusive wealth" to spotlight the way conventional measures of wealth - primarily GDP - fail to capture natural capital or environmental assets.

He will receive the award in Dubai from the patron of the award, HH Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and Ruler of Dubai at a special Award Ceremony on March 14th 2011 at the Dubai International Convention & Exhibition Center.

A statement from the Award committee said that the Jury decided that his achievements fulfill the objectives of the Zayed Prize, in line with the philosophy of the late Sheikh Zayed and the vision of the H.H. the founder and Patron, and are worth the award.

The Award Ceremony on 14th March 2011 will be attended by Environment Ministers from different parts of the world, heads of regional and international organizations, VIPs and international media.