Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/237479 
Year of Publication: 
2020
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-01193
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
Abstract: 
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. [...]
Subjects: 
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
JEL: 
C68
E21
Q15
Q2
Q5
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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