Natural capital is commonly defined as the extension of the economic notion of capital to environmental goods and services. In addition to representing a primary factor of economic production, natural capital represents the supporting goods and environmental functions that enable life on the planet. Despite its enormous significance, the contribution of natural capital to national economies has been systematically ignored. That results in the exclusion of nature’s value from policy analyses and precludes the development of management alternatives that recognize the importance of natural capital to national economic development. The Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-led initiative that aims to integrate natural capital values into national account systems, and thereby encourage better, more efficient decision-making and planning. Conducted as a demonstration case study for WAVES in Madagascar, this analysis provides an in-depth assessment of the contribution of key ecosystem services from the Ankeniheny-Zahamena Forestry Corridor (CAZ), the largest remaining contiguous patch of humid forest in eastern Madagascar. The analysis entails three related components: 1) a biophysical analysis, with an assessment and mapping of physical flows of selected ecosystem services; 2) an economic analysis, where an economic valuation of the services was performed; and 3) a policy analysis, where results of the biophysical and economic analysis were synthesized and discussed.

ASSESSING AND VALUING ECOSYSTEM SERVICES IN THE ANKENIHENY-ZAHAMENA CORRIDOR (CAZ), MADAGASCAR . A DEMONSTRATION CASE STUDY FOR THE WEALTH ACCOUNTING AND THE VALUATION OF ECOSYSTEM SERVICES (WAVES) GLOBAL PARTNERSHIP

Laura Onofri
2012

Abstract

Natural capital is commonly defined as the extension of the economic notion of capital to environmental goods and services. In addition to representing a primary factor of economic production, natural capital represents the supporting goods and environmental functions that enable life on the planet. Despite its enormous significance, the contribution of natural capital to national economies has been systematically ignored. That results in the exclusion of nature’s value from policy analyses and precludes the development of management alternatives that recognize the importance of natural capital to national economic development. The Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-led initiative that aims to integrate natural capital values into national account systems, and thereby encourage better, more efficient decision-making and planning. Conducted as a demonstration case study for WAVES in Madagascar, this analysis provides an in-depth assessment of the contribution of key ecosystem services from the Ankeniheny-Zahamena Forestry Corridor (CAZ), the largest remaining contiguous patch of humid forest in eastern Madagascar. The analysis entails three related components: 1) a biophysical analysis, with an assessment and mapping of physical flows of selected ecosystem services; 2) an economic analysis, where an economic valuation of the services was performed; and 3) a policy analysis, where results of the biophysical and economic analysis were synthesized and discussed.
2012
ASSESSING AND VALUING ECOSYSTEM SERVICES IN THE ANKENIHENY-ZAHAMENA CORRIDOR (CAZ), MADAGASCAR. A DEMONSTRATION CASE STUDY FOR THE WEALTH ACCOUNTING AND THE VALUATION OF ECOSYSTEM SERVICES (WAVES) GLOBAL PARTNERSHIP
https://www.wavespartnership.org/sites/waves/files/images/WAVES_Madagascar_Report.pdf
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11577/3308122
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