This report presents the model created in response to the recommendation by a report, documented in Crossman et al. (2018), to develope a new integrated modelling approach linking two existing models, namely the Integrated Valuation of Ecosystem Services and Tradeoffs (InVEST) model from the Natural Capital Project, and the Global Trade Analysis Project (GTAP) Computable General Equilibrium (CGE) model from Purdue University.
With the first generation of ecosystem accounts now published in 24 countries, and with a push to finalize a United Nations (UN) statistical standard for ecosystem accounting by 2021, this article highlight key advances, challenges, and opportunities.
This brief demonstrates importance of different accounts for development planning, based on experiences from Uganda and other countries. Natural Capital Accounting can contribute directly to three of the five objectives of third National Development Plan for Uganda (NDP III).
Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-led global partnership that aims to promote sustainable development by ensuring that natural resources are mainstreamed in development planning and national economic accounts.