BalticSTERN is an international research network with partners in all nine Baltic Sea countries. The scientists combine ecological and economic models with the purpose of doing cost-benefit analysis regarding the environmental problems of the Baltic Sea and give guidance toward cost-effective measures.
BalticSTERN is a response to calls by Nordic Ministers for the Environment in 2008 and 2009, asking for Stern-like analyses to be made for the Nordic Seas, referring to the review on economics of climate change by Sir Nicolas Stern, made on assignment by the British Prime Minister, and published in 2007. The acronym STERN in BalticSTERN stands for Systems Tools and Ecological-economic evaluation - a Research Network, but is also inspired by the Stern review.
The BalticSTERN Secretariat coordinates the network and communicates the results. An aim is also to contribute to the science-policy dialogue on the management of the Baltic Sea and to discuss policy instruments for reaching environmental targets.
Based on research in the network and other relevant studies, the Secretariat has written a synthesis report directed to decision makers, published on March 14th 2013.
The report "The Baltic Sea - Our Common Treasure. Economics of Saving the Sea" shows that people in countries around the Baltic Sea attach a great value to the Sea and are willing to pay 3 800 million Euros per year to improve the Baltic Sea environment. This exceeds the costs by 1 000 – 1 500 million Euros annually.
On October 4th the BalticSTERN Secretariat arranged a Stakeholder seminar to discuss results of the BalticSTERN research with invited representatives from Ministries, relevant business sectors, NGOs as well as prominent researchers.
In the first issue of the year of the popular scientific magazine HavsUtsikt, Marmar Nekoro and Siv Ericsdotter from the BalticSTERN Secretariat wrote about the importance of the Baltic Sea for residents around the Sea. The article in now available in English.