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dc.titleMethods for Modeling Public Policy and Investment Impacts on the Economy, Natural Capital and Ecosystem Services
dc.contributor.authorBanerjee, Onil
dc.contributor.authorCrossman, Neville
dc.contributor.authorVargas, Renato
dc.contributor.authorBrander, Luke
dc.contributor.authorVerburg, Peter
dc.contributor.authorCicowiez, Martin
dc.contributor.authorHauck, Jennifer
dc.contributor.authorMcKenzie, Emily
dc.contributor.orgunitEnvironment, Rural Development and Risk Management Division
dc.coverageLatin America
dc.date.available2020-11-09T00:00:00
dc.date.issue2020-11-09T00:00:00
dc.description.abstractThe 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.
dc.format.extent51
dc.identifier.doihttp://dx.doi.org/10.18235/0002830
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Methods-for-Modeling-Public-Policy-and-Investment-Impacts-on-the-Economy-Natural-Capital-and-Ecosystem-Services.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectClimate Change
dc.subjectNatural Capital
dc.subjectEnvironmental Policy
dc.subjectBiodiversity
dc.subjectLand Use
dc.subjectBiodiversity Conservation
dc.subjectEcosystem Service
dc.subjectEnvironmental Economy
dc.subject.jelcodeD58 - Computable and Other Applied General Equilibrium Models
dc.subject.jelcodeI30 - Welfare, Well-Being, and Poverty: General
dc.subject.jelcodeD60 - Welfare Economics: General
dc.subject.jelcodeQ00 - Agricultural and Natural Resource Economics • Environmental and Ecological Economics: General: General
dc.subject.keywordsEcosystem services;Natural capital;Integrated Economic-Environmental Modeling;Biodiversity;The IEEM Platform;GTAP;computable general equilibrium (CGE) modeling;ecosystem services modeling;land use land cover (LULC) change modeling
dc.typeWorking Papers
idb.identifier.pubnumberIDB-WP-01124
idb.operationRG-E1603
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