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The Utilization Of Artifical Intelligence In Measuring, Accounting And Reporting For Ecosystem Services

Author

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  • JOMIR, Florentina

    (Moldova State University, Chisinau, Republic of Moldova)

Abstract

Artificial intelligence (AI) has become deeply integrated into daily life, enhancing decision-making efficiency and optimizing the use of personal and temporal resources. In response to rapidly evolving economic landscapes, industries across sectors are increasingly adopting AI tools to remain competitive and innovative. Heightened consumer demands and intensified competition drive businesses to operate at peak performance. Simultaneously, regulatory bodies are imposing stricter environmental guidelines, pushing companies toward sustainability. Given the growing concerns over resource scarcity and climate change, AI emerges as a pivotal tool for businesses to navigate these challenges. This paper examines the role of AI in enhancing the accounting, measurement, and reporting of ecosystem services, particularly within the scope of corporate environmental responsibility.

Suggested Citation

  • JOMIR, Florentina, 2024. "The Utilization Of Artifical Intelligence In Measuring, Accounting And Reporting For Ecosystem Services," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 12(1), pages 212-226, October.
    • Handle: RePEc:vls:rojfme:v:12:y:2024:i:1:p:212-226
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    More about this item

    Keywords

    artificial intelligence (AI); ecosystem accounting; sustainable reporting;
    All these keywords.

    JEL classification:

    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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