Dr. Nikos Englezos, Academic Manager of the Department of Economics and Econometrics: Modelling and Applications at ICRE8, participated in the joint conference of the 7th European Bioremediation Conference (EBC-VII) and the 11th International Society for Environmental Biotechnology conference (ISEB 2018), held in Chania, Greece, 25-28 June, 2018. The conference was co-organized by the Technical University of Crete, the University of Bologna and the International Society for Environmental Biotechnology. The objective of the conference was to bring together scientists, engineers and other environmental professionals to present their findings and discuss future trends, directions and most recent technological innovations for management and restoration of a wide range of contaminated sites and marine environments as well as on resource preservation through recycling and bio-based reclamation, towards to a circular economy model implementation.
In Session-8A: Water for Africa (Technologies, Policies), Dr. Englezos presented the joint work with Professor Phoebe Koundouri and Dr. Xanthi-isidora Kartala titled by “Multistage Stochastic Differential Games in Transboundary Water Sharing”. Their work captures the influence of stochastic water resources on transboundary water allocation over multiple sectors of the economy, under the uncertainty raised by climate change, following a multistage dynamic cooperative game theoretic approach. The developed economic model copes with the case of water sharing between an upstream country and a downstream country, concerning the trade of hydropower electricity generated from the downstream country to the upstream one. The resulting equilibrium water allocation policies in the long run turn out to remain stable even in extreme climate events. Moreover, the use of econometric methods led to the empirical estimation of the production functions and the water demand curves per sector for the upstream and downstream riparian countries of the Zambezi River Basin area in Africa. This research work was conducted within the framework of The Horizon 2020 ‘Decision-Analytic Framework to explore the water-energy-food NExus in complex and transboundary water resources systems of fast growing developing countries’ (DAFNE) project, whose ICRE8 is a consortium partner.