Dr. Manuel Lago is a Senior Fellow in natural resources economics at the Ecologic Institute in Berlin, holds an MSc in Ecological Economics and a PhD in Environmental Economics from the University of Edinburgh in the UK. His research and consultancy work is related with the economic analysis of environmental policies and regulations with a focus on cost accounting and economic valuation of environmental goods and services, and the use of such estimates to inform environmental policy making. Manuel is part of the European Topic Centre in Inland, Coastal and Marine Waters (ETC-ICM) for the European Environment Agency, where he contributes to the socio-economic analysis of aspects related with the management of Europe’s seas and surface waters. In addition, he is and has been actively involved in a number of large European research projects sponsored by the European Commission Directorate-General for Research and Innovation (e.g. FP7 EPI-WATER, REFORM, ECONADAPT, DESSIN, BioFresh).