Global socio-economic impacts of changes in natural capital and ecosystem services: State of play and new modeling approaches

Onil Banerjee*, Neville Crossman, Renato Vargas, Luke Brander, Peter Verburg, Martin Cicowiez, Jennifer Hauck, Emily McKenzie

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

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Abstract

The year 2020 is a critical year for sustainable development policy and practice with the review and renewal of various international commitments including the Sustainable Development Goals, the Convention on Biological Diversity and the Paris Agreement. The post-2020 agenda needs to be informed by more robust analytical approaches that capture the interactions between the economy, society and the environment. In this paper, we review the state of the art in available models and datasets that lay the groundwork for future analytical work to inform this agenda. Based on this review, we propose an integrated modeling approach for global analysis to underpin international policy discourse and advocacy, and; a sub-global approach focusing on evaluating specific strategies and policy portfolios to make progress toward sustainability commitments considering detailed local country context. Both approaches rely on integrating whole of economy computable general equilibrium models with spatial land use land cover and ecosystem services models. Endogenizing feedbacks between modeling system components ensures that evidence is based on interactions between all system components. Recent advances in methods, data and available tools discussed herein reduce barriers to entry for this type of complex systems analysis and increases the timeliness of policy advice.

Original languageEnglish
Article number101202
Pages (from-to)1-17
Number of pages17
JournalEcosystem Services
Volume46
Early online date28 Oct 2020
DOIs
Publication statusPublished - Dec 2020

Keywords

  • Biodiversity
  • Computable general equilibrium (CGE) modeling
  • Ecosystem services
  • Ecosystem services modeling
  • GTAP
  • Integrated economic-environmental modeling
  • Land use land cover (LULC) change modeling
  • Natural capital
  • The IEEM platform

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