cover image: The Changing Wealth of Nations : Global Estimates of Carbon Stocks in the Vegetation and Soils of Terrestrial Ecosystems - Technical Report (English)

20.500.12592/4b05bzt

The Changing Wealth of Nations : Global Estimates of Carbon Stocks in the Vegetation and Soils of Terrestrial Ecosystems - Technical Report (English)

14 Oct 2024

The global climate crisis is one of the most pressing challenges of our time, exacerbating existing social and environmental issues. Regulating ecosystem services, and climate regulation in particular, plays a fundamental role in mitigating the effects of climate change. In this regard, terrestrial ecosystems play a crucial role as stocks for carbon that would otherwise be released into the atmosphere, causing further warming, as well as being potential carbon sinks. Terrestrial ecosystems, particularly forests, are thus essential to addressing the global climate crisis. For these reasons, it is important to include carbon in the World Bank's Changing Wealth of Nations (CWON) wealth estimates. This analysis was carried out by the Basque Centre for Climate Change (BC3), which develops multidisciplinary knowledge to support decision-making on this global challenge. Within the research center, the Artificial Intelligence for Environment and Sustainability (ARIES) team developed an integrated modeling system with a platform capable of combining data and models to study the interaction of human and natural systems, with a strong focus on the environment and sustainability dimensions. More information is provided in this report to briefly describe how the modeling integration based on artificial intelligence (AI) and semantics is used to obtain results aligned with the World Bank's CWON approach. The global model to estimate vegetation carbon stock used in this analysis quantifies how the global landscape is changing as a result of ecological transformations that occur at biophysical (environmental), social, and economic levels. In the context of the CWON program, the World Bank collaborates with the BC3 team, who developed the ARIES for System of Environmental-Economic Accounting (SEEA) platform, to create global baseline biophysical and monetary accounts of the carbon storage ecosystem service.
climate change climate finance urban development climate change adaptation climate change mitigation economic policy financial institutions transport economics financial sector development world transport governance environment and natural resources other public administration urban transport policy and planning climate change adaptation impacts climate change adaptation finance transport and sustainable development transport impact on the environment transport and climate change low-emissions transport economic growth and planning environment and natural resource management

Authors

Bulckaen, Alessio, Viñas, Raul Abad, Paz, Diego Bengochea, Crespo, Ruben, Villa,Ferdinando

Disclosure Date
2024/10/14
Disclosure Status
Disclosed
Doc Name
The Changing Wealth of Nations : Global Estimates of Carbon Stocks in the Vegetation and Soils of Terrestrial Ecosystems - Technical Report
Pages
84
Product Line
Advisory Services & Analytics
Published in
United States of America
Rel Proj ID
1W-The Changing Wealth Of Nations (Cwon) 2.0 -- P178446
TF No/Name
TF0B8116-CWON 2.0 Data,TF0B8149-CWON 2.0 Analytics,TF0B8562-CWON 2.0 Developing global ecosystem accounts for carbon storage,TF0B9008-4.2.- Producing blue natural capital accounts for The Changing Wealth o,TF0B9400-CWON 2.0 contribution to PROGREEN objectives,TF0B9609-CWON 2.0 Roadmap for pilot water account,TF0C0675-Integrating natural capital into global CGE models,TF0C0984-Integrating renewable energy into the national wealth accounts and anal,TF0C1352-Developing Adjusted Net Savings Indicators
Unit Owning
Planet - GLOBAL ENR PM (SENGL)
Version Type
Final
Volume No
1

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