Author
Listed:
- César Augusto Ruiz-Agudelo
- Francisco de Paula Gutiérrez-Bonilla
- Angela María Cortes-Gómez
Abstract
The Orinoco basin is one of the most important hydrologic systems in South America. The Colombian Orinoco basin occupies an area of approx. thirty-four million hectares, located in the country's east. The literature about the economic valuation of ecosystem services (ES) and the spatial information on natural resources in the Colombian Orinoco basin was revised through various information sources to document the earliest approximation to the state, spatial distribution, and economic value of the natural capital at the scale of biomes, specific ecosystems, and political-administrative units. Our assessment estimated a natural capital loss of 200 billion Int.$2020/year (74% of Colombian GDP in 2020) and a remnant natural capital worth 296 billion Int.$2020/year (more than 100% of Colombia's GDP in 2020) for twelve ecosystem services. This research proves that a potential expansion in livestock production systems will generate an additional loss of natural capital of approximately 282 billion Int.$2020/year. Additionally, we include an analysis based on the GLOBIO4 initiative models, identifying future natural capital losses between 4.8 and 33 billion Int.$2020/year. Lastly, the policy challenges and gaps in research and management concerning this remaining natural capital in the Colombian Orinoco basin are pointed out.
Suggested Citation
César Augusto Ruiz-Agudelo & Francisco de Paula Gutiérrez-Bonilla & Angela María Cortes-Gómez, 2023.
"The natural capital of the Colombian Orinoco River basin. intact ecosystems with high rates of anthropogenic change,"
Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 12(4), pages 418-437, October.
Handle:
RePEc:taf:teepxx:v:12:y:2023:i:4:p:418-437
DOI: 10.1080/21606544.2022.2152874
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:teepxx:v:12:y:2023:i:4:p:418-437. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/teep20 .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.