THE UTILIZATION OF ARTIFICAL INTELLIGENCE IN MEASURING, ACCOUNTING AND REPORTING FOR ECOSYSTEM SERVICES

Florentina Jomir
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Florentina Jomir: Moldova State University, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2024, vol. 12, issue 1, 212-226

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.

Keywords: artificial intelligence (AI); ecosystem accounting; sustainable reporting (search for similar items in EconPapers)
JEL-codes: Q55 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:12:y:2024:i:1:p:212-226

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