Arbeitspapier

The value of biodiversity in economic decision making: Applying the IEEM+ESM approach to conservation strategies in Colombia

In this paper we evaluate the economic, natural capital and ecosystem services impacts of strategies for conserving Colombias rich natural capital endowment. Specifically, we consider Government program proposals for establishing Payment for Ecosystem Services (PES), implementing more sustainable silvopastoral systems and expanding habitat banking. We develop and apply the Integrated Economic-Environmental Modeling (IEEM) Platform linked with spatial Land Use Land Cover (LULC) and Ecosystem Services Modeling (IEEMESM) to shed light on the multi-dimensional impacts of these programs from the perspective of sustainable economic development and intergenerational wealth. Advancing the state-of-the-art in integrated economic-environmental modeling, our framework for the first time integrates dynamic endogenous feedbacks between natural capital, ecosystem services and the economic system to fully capture how changes in natural capital and ecosystem service flows affect the economy and vice versa. Our approach quantitatively models the economy, natural capital and ecosystem services as one integrated and complex system at a high level of spatial resolution across Colombias 32 Departments. [...]

Sprache
Englisch

Erschienen in
Series: IDB Working Paper Series ; No. IDB-WP-01193

Klassifikation
Wirtschaft
Computable General Equilibrium Models
Macroeconomics: Consumption; Saving; Wealth
Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
Thema
Integrated Economic-Environmental Modeling (IEEM) Platform
dynamic computable general equilibrium (CGE) model
ecosystem services modeling
land use land cover modeling
natural capital
payment for ecosystem services
habitat banking
Colombia

Ereignis
Geistige Schöpfung
(wer)
Banerjee, Onil
Cicowiez, Martín
Malek, Žiga
Verburg, Peter
Vargas, Renato
Goodwin, Sean
Ereignis
Veröffentlichung
(wer)
Inter-American Development Bank (IDB)
(wo)
Washington, DC
(wann)
2020

DOI
doi:10.18235/0002945
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Banerjee, Onil
  • Cicowiez, Martín
  • Malek, Žiga
  • Verburg, Peter
  • Vargas, Renato
  • Goodwin, Sean
  • Inter-American Development Bank (IDB)

Entstanden

  • 2020

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