The Value of Biodiversity in Economic Decision Making: Applying the IEEM ESM Approach to Conservation Strategies in Colombia

Abstract

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Can we avert an Amazon tipping point? The economic and environmental costs

“…The IEEM Platform [45,46] is an economy-wide decision-making framework for evidence-based public policy and investment design based on a recursive dynamic computable general equilibrium (CGE) model [47][48][49]. In this study, we linked IEEM with spatial LULC and ESM, IEEM + ESM [35,36], to understand the regional economic repercussions of moving toward an environmental tipping point in which the Amazon experiences irreversible changes to its ecosystems. IEEM models, databases and instructional materials are openly available on the OPEN IEEM Platform website 11 .…”

“…Our assessment goes beyond a conventional benefit-cost approach by applying the Integrated Economic-Environmental Modeling (IEEM) Platform to five countries in the region. We translate demand for land as a factor of production from IEEM's environmental-economic modeling into spatially explicit land cover changes through land use-land cover (LULC) change modeling and, using spatial Ecosystem Services Modeling (ESM), evaluate changes to natural capital stocks and ecosystem service flows that drive broader social and economic impacts [35,36].…”

Integrating landscape ecology and the assessment of ecosystem services in the study of karst areas

“…It is used to prioritize key biodiversity areas for conservation (Shrestha et al 2021), to identify conflicts between nature conservation and human societies (Setälä et al 2014;Bezák et al 2017), and to inform conservation planning (Mitchell et al 2021). These insights can be included in strategic environmental assessments (tools supporting decision-making to make sustainable territorial plans; Semeraro 2021) or can even be integrated into economic decision-making (Banerjee et al 2020;Yang et al 2020).…”