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Wednesday 03 July, 2002

Volvo AB

Two Pioneers Of Environmental Economics Are Awarde

Two pioneers of environmental economics are awarded the 2002 Volvo
Environment Prize

The 2002 Volvo Environment Prize is awarded to Professor Sir Partha
Dasgupta and Professor Karl-Göran Mäler, two economists of international
distinction, for their outstanding and pioneering contributions to
several fields of environmental and resource economics. Together they
have made contributions of enormous consequence for understanding the
relationship between development, environment and poverty

Sir Partha Dasgupta and Karl-Göran Mäler are two of the world's leading
economists in the fields of environment and resources. They began their
careers in the 1960s when environment was emerging as a global concern
and, working both separately and together, they have made outstanding
contributions to the frontiers of environmental economics."

Professor Karl-Göran Mäler was born in Sollefteå, Sweden. He is
Professor of Economics at the Stockholm School of Economics and Director
of the Beijer International Institute of Ecological Economics. Professor
Mäler is considered as one of the founding fathers of environmental
economics. His current research interests are Measurement of well-being
and Economic analysis of complex dynamic ecological systems.

Sir Partha Sarathi Dasgupta, originally from India, is a professor of
Economics at the University of Cambridge, England. He has been a
lecturer and visiting professor at several well-known international
universities, including the London School of Economics and Harvard
University. Dasgupta is recognized for the ethical voice he has given to
economics through his focus on social well-being and the effects of
economic policies on the poor.

This is the thirteenth year that the Volvo Environment Prize has been
awarded to internationally well-known scientists. It was originally
established in 1989 to support and acknowledge environmental research,
and has since earned its reputation as one of the most highly recognised
environmental prizes in the world.

Worth SEK 1.5 M, this year's prize, will be awarded to the winners at a
ceremony in Göteborg, Sweden, on 9 October 2002.

2002 marks the 30th anniversary of the first UN conference on
environment in Stockholm 1972, where Volvo as the first company ever
addressed environmental issues in conjunction with social development.
The Volvo Environment Prize is a consequence of this commitment.

More detailed information on the prize and the winners, including
photos, is available on the Volvo Environment Prize website:

www.environment-prize.com

July 3, 2002

For further questions, please contact

 Lena Gevert, AB Volvo, Director Core Value Communication
Phone +46 31 666990

Olle Axelson, Volvo Cars, Senior Vice President, Public Affairs
Phone +46 31 592600
                                                                                                                                                                           

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