Volvo AB

Research about environmental economics rewarded wi


Volvo's Environment Prize 2002 was awarded today to Professor Sir Partha
Dasgupta and Professor Karl-Göran Mäler. The two men were recognized for
their pioneering research within environmental and resource economics.
The Prize, an honorarium of SEK 1.5 million, was presented at an
official ceremony in Göteborg, Sweden.

Born in Skellefteå, Sweden, Professor Karl-Göran Mäler is Professor in
Economics at the Stockholm School of Economics and Director of the
Beijer International Institute of Ecological Economics. Professor
Mäler's research focuses primarily on the measurement of well being and
economic analysis of complex dynamic ecological systems.

Originally from India, Sir Partha Dasgupta is currently Professor of
Economics at the University of Cambridge in the UK. He has also been a
Professor of Economics at the London School of Economics and Visiting
Professor at Harvard University. Through has research, which has focused
on social welfare and how economic decisions affect the poor, he has
become renowned for providing an ethical voice to socio-economic

The Volvo Environment Prize is being awarded for the thirteenth time. It
was established in 1989 to highlight Volvo' support for pioneering
environmental research and since then has gained the status of being one
of the world's most important, international environment prizes. This
year marks 30 years since Volvo become the first company to make a
public statement on environmental issues and since it began its focus on
making the environment one of the company's three core values

October 9, 2002

For further information, please contact:Lena Gevert, AB Volvo, +46 31 -
66 69 90 or
Olle Axelson, Volvo Car Corporation, +46 31 , 031 59 26 00