Multi-platform assessment of coastal protection and carbon sequestration in the Venice Lagoon under future scenarios

31 Pages Posted: 24 Jul 2024

See all articles by Perla Rivadeneyra

Perla Rivadeneyra

Università Ca' Foscari Venezia - Department of Economics

Federico Cornacchia

Fondazione Eni Enrico Mattei (FEEM)

Alberto Gabino Martínez-Hernández

Fondazione Eni Enrico Mattei (FEEM)

Marco Bidoia

Fondazione Eni Enrico Mattei (FEEM)

Carlo Giupponi

Ca Foscari University of Venice - Dipartimento di Economia; Fondazione Eni Enrico Mattei (FEEM)

Date Written: June 21, 2024

Abstract

In recent decades, the rapid development of coastal regions, driven by sustained economic growth and population migration, has amplified their susceptibility to climate-induced hazards. The need to address these challenges in socio-economic coastal hotspots has become a pressing concern, requiring research and analysis to empower local decision-makers to undertake timely and appropriate adaptation measures. Simultaneously, many of these coastal areas boast rich natural habitats, which offer a diverse array of ecosystem services that can enhance climate resilience through both adaptation and mitigation efforts. This study, focuses on the Venice Lagoon, a region particularly vulnerable to natural hazards like sea-level rise, erosion, and flooding due to its low-lying coastal areas, seeks to examine the coastal protection and carbon sequestration services provided by seagrasses and salt marshes. Leveraging the InVEST platform known for its capabilities in valuing ecosystem services and assessing interventions for the protection and restoration of natural capital, this research takes a multi-platform approach by integrating the Coastal Vulnerability and Coastal Blue Carbon models to compute a composite index of these two ecosystem services. Additionally, we incorporate other tools that aid in the computation of the inputs to the InVEST models such as ARIES (Artificial Intelligence for Environment & Sustainability) and the QGIS plugins Molusce and SCP. We also provide estimates of carbon stocks, net carbon sequestration, and the economic value of these habitats for 2040 and 2060. The main outcome of this study is a combined index of coastal protection and carbon sequestration services developed to highlight crucial areas for the provisioning of these services, emphasizing the interconnectedness of socio-ecosystem components in coastal regions. In this study, we highlight the importance of using integrated assessment of ecosystem services in the context of climate change.

Keywords: Climate change adaptation, coastal protection, Venice, future scenarios, ecosystem service

JEL Classification: Q01, Q51, Q54, Q57

Suggested Citation

Rivadeneyra, Perla and Cornacchia, Federico and Martínez-Hernández, Alberto Gabino and Bidoia, Marco and Giupponi, Carlo, Multi-platform assessment of coastal protection and carbon sequestration in the Venice Lagoon under future scenarios (June 21, 2024). FEEM Working Paper No. 13.2024, Available at SSRN: https://ssrn.com/abstract=4881449 or http://dx.doi.org/10.2139/ssrn.4881449

Perla Rivadeneyra (Contact Author)

Università Ca' Foscari Venezia - Department of Economics ( email )

Federico Cornacchia

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Alberto Gabino Martínez-Hernández

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Marco Bidoia

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Carlo Giupponi

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

Fondazione Eni Enrico Mattei (FEEM) ( email )

Corso Magenta 63
20123 Milan
Italy

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