Defining and valuing carbon related services in the SEEA EEA : SEEA EEA Revision, Working Group 4: Discussion paper 6

Edens, Bram; Elsasser, Peter GND; Ivanov, Emil GND

This issues paper provides an overview based on the existing Ecosystems Services (ES) literature of current issues around introducing carbon related ecosystem services (sequestration and storage), within an accounting framework. These issues cover definition and concept, measurement boundaries, including the alignment with IPCC reporting, whether sequestration should be considered as final or an intermediate service. The paper also provides a summary of the 4 main existing valuation approaches and evaluates the extent to which they align with accounting conventions such as the use of exchange values and market design. Finally, the paper also discusses several issues around how carbon sequestration may be recorded within the accounting framework. The paper goes beyond a mere description of the key issues and provides the following list of tentative recommendations...

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Edens, Bram / Elsasser, Peter / Ivanov, Emil: Defining and valuing carbon related services in the SEEA EEA : SEEA EEA Revision, Working Group 4: Discussion paper 6. 2019.

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