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Onil Banerjee

Publications and source records attributed to Onil Banerjee.

6 recordsLinked to original sources

Land use strategies for achieving Chile’s nationally determined contributions

Chile’s Nationally determined contributions (NDCs) commit to carbon neutrality by 2050, with measures to reduce emissions and natural hazards while enhancing water security. The Forestry and Other Land Uses (FOLU) sectors are critical to Chile’s goal of carbon neutrality, as they serve as a net carbon sink. In this paper, we conduct policy scenario analysis focusing on FOLU strategies for meeting the NDCs. We implement the Integrated Economic-Environmental Modeling framework linked with spatial Land Use-Land Cover and Ecosystem Services (ES) Modeling (IEEM + ESM) to assess impacts on economic, environmental and social indicators. Our results show that the implementation of Chile’s FOLU strategies would reduce emissions, enhance wealth and economic growth and increase future flows of ES. Carbon dioxide emissions would be reduced (by 151 million tons by 2050) to levels that would be considerably better than current Government expectations. Gross Domestic Product and wealth would be bolstered by US$16 065 million and US$22 731 million, respectively. Water-related ES would improve including the quality of potable water, while more water would be maintained within forested ecosystems, thereby reducing the future risk of natural hazards such as landslides and floods. The FOLU strategies would create 72 800 new jobs and reduce poverty by 15 586 individuals. Analysis with IEEM + ESM demonstrates that reducing wildfire-driven forest loss would have outsized impacts and be the most effective and expedient way to contribute to meeting NDC targets. The IEEM + ESM approach is an example of an analytical framework that is meeting growing demand from Government institutions and multilateral development banks for understanding the effects and transition pathways of NDC strategies on economic, social and environmental outcomes.

Environmental Research: Ecology↗

Integrating quantitative macroeconomic and ecosystem service modeling methods to assess conservation rograms in Mexico

Conveying the importance of public conservation programs to Government decision makers is challenging given the long-term nature of investments in conservation and competition for scarce public resources. The effectiveness of conservation programs in terms of their impact on ecological and socioeconomic outcomes has been evaluated in the literature though not typically in an integrated way that enables the assessment of trade-offs across environmental, economic and social objectives. Through a novel approach that uses macroeconomic tools that incorporate land use-land cover change and ecosystem services, we conduct policy scenario analysis to investigate the economic, natural capital and ecosystem service impacts of three conservation programs in Mexico. We show their combined impact on Gross Domestic Product and wealth in 2035 to be US$856.9 and US$492.3 million, respectively and that the programs reduce poverty by 1,800 individuals. In addition to macroeconomic effects, our approach illustrates that by accounting for changes in regulating ecosystem service flows, cumulative Gross Domestic Product would be 1.34 times higher. Our results build a business case for ongoing investment and expansion of these conservation programs by demonstrating the benefits to biodiversity, natural capital and the economic well-being of Mexican society. The case study allows for replication in other countries as the tools and data employed are openly available for much of Latin America and the Caribbean, Southeast Asia and increasingly worldwide.

Environmental and Resource Economics↗

The economics of decarbonizing Costa Rica's agriculture, forestry and other land uses sectors

In 2018, Costa Rica demonstrated its commitment to the Paris Agreement and published its Decarbonization Plan for achieving zero net emissions by the year 2050. We evaluate the impacts of the country's strategy for decarbonizing its Agriculture, Forestry and Other Land Uses (AFOLU) sectors by coupling the Integrated Economic-Environmental Modeling framework with high-resolution spatial land use-land cover change and ecosystem services modeling (IEEM+ESM). Our results show that decarbonization of AFOLU would simultaneously enhance carbon storage, water purification, water regulation and erosion mitigation ecosystem services. Moreover, the positive cumulative wealth impact of decarbonization would be approximately US$7.27 billion by 2050 while lifting an additional 3810 individuals out of poverty. From a public investment perspective, decarbonization would have a fiscally neutral impact with the economic benefits sufficient in magnitude to off-set policy implementation costs and generate economic returns of over US$852 million when changes in natural capital stocks and environmental quality are considered. This application to Costa Rica is the first integrated economy-wide analysis of a growing number of decarbonization plans globally. The IEEM+ESM approach provides an integrated framework for analyzing decarbonization plans and can be used to refine AFOLU mitigation strategies to capitalize on synergies and minimize negative trade-offs across the three dimensions of wealth and sustainable economic development, namely economy, society and the environment.

Ecological Economics↗

Banking on strong rural livelihoods and the sustainable use of natural capital in post-conflict Colombia

In post-conflict Colombia, the government has prioritized resettlement of displaced people through development of strong rural livelihoods and the sustainable use of natural capital. In this paper, we considered government proposals for expanding payment for ecosystem services (PES) and sustainable silvopastoral systems, and private-sector investment in habitat banking. We coupled the Integrated Economic-Environmental Model (IEEM) with spatially explicit land use and land cover change and ecosystem services models to assess the potential impacts of these programs through the lens of wealth and sustainable economic development. This innovative workflow integrates dynamic endogenous feedbacks between natural capital, ecosystem services and the economic system, and can be applied to other country contexts. Results show that PES and habitat banking programs are strong investment propositions (Net Present Value of US$4.4 and $4.9 billion, respectively), but only when moving beyond conventional economic analysis to include non-market ecosystem services. Where a portfolio investment approach is taken and PES is implemented with sustainable silvopastoral systems, investment returns would reach US$7.1 billion. This paper provides a detailed evaluation of the benefits of investing in rural livelihoods and enhancing Colombia’s natural capital base, with empirical evidence to inform the spatial targeting of policies to maximize economic, environmental and social outcomes.

Environment, Development, and Sustainability↗

Can we avert an Amazon tipping point? The economic and environmental costs

The Amazon biome is being pushed by unsustainable economic drivers towards an ecological tipping point where restoration to its previous state may no longer be possible. This degradation is the result of self-reinforcing interactions between deforestation, climate change and fire. We assess the economic, natural capital and ecosystem services impacts and trade-offs of scenarios representing movement towards an Amazon tipping point and strategies to avert one using the Integrated Economic-Environmental Modeling (IEEM) Platform linked with spatial land use-land cover change and ecosystem services modeling (IEEM + ESM). Our approach provides the first approximation of the economic, natural capital and ecosystem services impacts of a tipping point, and evidence to build the economic case for strategies to avert it. For the five Amazon focal countries, namely, Brazil, Peru, Colombia, Bolivia and Ecuador, we find that a tipping point would create economic losses of US$256.6 billion in cumulative gross domestic product by 2050. Policies that would contribute to averting a tipping point, including strongly reducing deforestation, investing in intensifying agriculture in cleared lands, climate-adapted agriculture and improving fire management, would generate approximately US$339.3 billion in additional wealth and a return on investment of US$29.5 billion. Quantifying the costs, benefits and trade-offs of policies to avert a tipping point in a transparent and replicable manner can support the design of regional development strategies for the Amazon biome, build the business case for action and catalyze global cooperation and financing to enable policy implementation.

Amazon↗

Economic, land use, and ecosystem services impacts of Rwanda's Green Growth Strategy: An application of the IEEM+ESM platform

We develop and link the Integrated Economic-Environmental Modeling (IEEM) Platform to ecosystem services modeling (ESM). The IEEM+ESM Platform is an innovative decision-making framework for exploring complex public policy goals and elucidating synergies and trade-offs between alternative policy portfolios. The IEEM+ESM approach is powerful in its ability to shed light on (i) change in land use and ecosystem services driven by public policy and the supply and demand responses of businesses and households; and (ii) impacts on standard economic indicators of concern to Ministries of Finance such as gross domestic product and employment, as well as changes in wealth and ecosystem services. The IEEM+ESM approach is being adopted rapidly and by the end of 2020, IEEM+ESM Platforms will be implemented for about 25 countries. To demonstrate the insights generated by the IEEM+ESM approach, we apply it to the analysis of alternative green growth strategies in Rwanda, a country that has made strong progress in reducing poverty and enhancing economic growth in the last 15 years. The case of Rwanda is particularly compelling as it faces intense pressure on its natural capital base and ecosystem services, already with the highest population density in Africa, which is projected to double by 2050. In applying IEEM+ESM and comparing the outcomes of Rwanda’s green growth policies, increasing fertilization of agricultural crops shows the largest economic gains but also trade-offs in environmental quality reflected through higher nutrient export and reduced water quality. Combining crop fertilization with forest plantations better balances critical ecosystem services and their role in underpinning economic development as Rwanda progresses toward its target of middle-income status by 2035. This application to Rwanda’s green growth strategy demonstrates the value-added of the IEEM+ESM approach in generating results that speak to both economic outcomes and impacts on market and non-market ecosystem services.

Science of the Total Environment↗