Green Accounting

This book presents methodological advances and case studies of environmental accounting, and discusses their use in environmental management and policies.

Green Accounting

This title was first published in 2003. Our cherished economic indicators of income, product, consumption and capital fail in taking a long-term view of social progress. They do not account for environmental deterioration, which impairs the quality of life of present and future generations, and hence the sustainability of development. "Greening" the conventional national (and corporate) accounts introduces environmental impacts and costs into these accounts and balances. The result is a new compass for steering the economy towards sustainability, which may change not only our main measures of economic performance but also the basic tenets of environmental and resource policies. This book presents methodological advances and case studies of environmental accounting, and discusses their use in environmental management and policies. In their introduction, the editors provide a critical perspective of historical developments and current debates.

Green National Accounting and Sustainability

This volume will be an invaluable reference source for scholars and practitioners seeking an in-depth understanding of the main issues in this important field.

Green National Accounting and Sustainability

'Green National Accounting and Sustainability is an impressive body of work and the result of painstaking, peer reviewed research making it a mandatory and core addition to professional and academic library economics reference collections and supplemental economics curriculum reading lists.' - Midwest Book Review

Macroeconomics and the Environment

'This is an important book.

Macroeconomics and the Environment

'This is an important book. It not only serves as a valuable contribution to green accounting, it is a testament to Salah El Serafy's tireless efforts to reform the national income accounts in ways that would better reveal the sustainable product of nations and the value of development policies. No matter what differences the reader may have with some of the points made, there is no denying that the world would be a much improved place if the reforms suggested by El Serafy were implemented.' – Philip Lawn, Flinders University, Australia 'This book is a fabulous summary of Salah El Serafy's seminal contributions to "greening" national income accounts. If only we had employed the famous "El Serafy method" of investing depletion of non-renewable resources into renewable alternatives, the world would be in a much stronger and more sustainable place today. Hopefully it is not too late to take up this and El Serafy's many other recommendations for improving national income accounting.' – Robert Costanza, Portland State University, US Though scientists and environmentalists have long expressed concern over the rapid deterioration of the global environment, economists have largely failed to recognize the issue's relevance to their field. Salah El Serafy argues for an increased focus on the economic aspects of environmental degradation, calling for a fundamental shift in how economists measure and discuss national income. Through a combination of new material reflecting recent developments in the field and previously published essays that provide a history of green accounting, the author emphasizes the importance of considering natural resources as part of a nation's economic capital. Setting forth what has become known as the 'El Serafy Method', this fascinating and complex volume presents both the justification and the methodology for giving the environment a place in the global economic conversation. Students, professors, researchers and policymakers in the field of environmental and ecological economics will no doubt find much to appreciate in this thoughtful and comprehensive analysis of the intersection between economics and the environment.

Green Accounting in Europe Four case studies

This book provides practical estimates of one key area of neglect in the present national accounts - the measurement of environmental damages.

Green Accounting in Europe     Four case studies

Conventional economic accounts, which measure Gross National Product (GNP)and related indicators of national performance, do not fully allow for the damages caused to the environment in the course of producing and consuming goods and services. Nor do they fully account for the fact that some resources are being depleted in achieving the living standards that we enjoy today. This failure is important, because policy-makers are guided by the changes in macroeconomic indicators such as GNP. Moreover such indicators are not a good guide to the sustainability of present practices of consumption and production. This book provides practical estimates of one key area of neglect in the present national accounts - the measurement of environmental damages. The book sets out the methodology for making such estimates and then applies it to data from four countries: Germany, Italy, The Netherlands and the UK. The results show what can be achieved in the way of consistent damage estimates and what the key problems are.

Welfare Measurement Sustainability and Green National Accounting

One of the basic issues of accounting is to augment or extend the conventional net national product measure to obtain a better indicator of welfare. This book takes into account technological change, externalities and uncertainty.

Welfare Measurement  Sustainability and Green National Accounting

One of the basic issues of accounting is to augment or extend the conventional net national product measure to obtain a better indicator of welfare. This book takes into account technological change, externalities and uncertainty.

Environmental Accounting in Theory and Practice

Policy failures in environment and development have been blamed on frag mented and eclectic policies and strategies.

Environmental Accounting in Theory and Practice

Policy failures in environment and development have been blamed on frag mented and eclectic policies and strategies. The 1992 United Nations Con ference on Environment and Development, the 'Earth Summit' in Rio de Janeiro, called therefore for an integrated approach in planning and policy making to achieve long-term sustainable growth and development. The Con ference also recognized in its action plan, the Agenda 21, that integrated poli cies need to be supported by integrated information, notably requiring the implementation of integrated environmental and economic accounting by its member States. During the preparations for the Rio Summit, scientists and practitioners of national accounting met in a Special Conference on Environmental Account ing, organized by the International Association for Research in Income and Wealth (IARIW) in Baden, Austria. Their aim was to explore the need for and methodologies of adjusting national accounts for environmental reasons. National accountants had faced mounting criticism that conventional accounting neglected new scarcities in natural capital, as well as the social cost of environmental degradation. The result of their deliberations was a draft manual, later issued by the United Nations Statistics Division (UNSD) as a handbook of Integrated Environmental and Economic Accounting.

National Environmental Accounting

This book presents national environmental, or 'green' accounting as it has developed in Europe and other parts of the world.

National Environmental Accounting

This book presents national environmental, or 'green' accounting as it has developed in Europe and other parts of the world. It introduces the most recent methods developed through the United Nations Statistical Department and other international organizations, but bridges the gap between the superficial treatment of environmental accounting in economics textbooks and environmental literature, on the one hand, and the highly technical manuals of international organizations, on the other. Joy Hecht begins with a history and introduction to national income accounting. The first part of her book explains how the environmental accounts build on the structure of the 1993 System of National Accounts. She then shows the UN approach to accounting applied to pollution, recycling, and the management of natural resources such as forests, minerals, and fisheries. The third section discusses how the accounts approach green GDP and other macroeconomic indicators. The book concludes by going beyond the UN structures to discuss other adjusted macroeconomic measures and how accounting data can be used to build them. National Environmental Accounting is a non-technical introduction to an increasingly important field. It is a must-read for anyone interested in how environmental accounts can help society move towards greater sustainability.

Economic Growth and Environmental Sustainability

Paul Ekins breaks new ground in defining the conditions of compatibility between economic growth and environmental sustainability, and provides measures and criteria by which the environmental sustainability of economic growth, as it occurs ...

Economic Growth and Environmental Sustainability

A key area of public policy in the last twenty years is the question of how, and how much, to protect vthe environment. At the heart of this has been the heated debate over the nature of the relationship between economic growth and environmental sustainability. Is environemental sustainability economic growth or `green growth', a contradiction in terms? Avoiding the confusion that often surrounds these issues, Ekins provides rigorous expositions of the concept of sustainability, integrated environmental and economic accounting, the Environmental Kuznets Curve, the economics of climate change and environmental taxation. Individual chapters are organised as self-contained, state-of-the-art expositions of the core issues of environmental economics, with extensive cross-referencing from one chapter to another, in order to guide the student or policy-maker through these complex problems. Paul Ekins breaks new ground in defining the conditions of compatibility between economic growth and environmental sustainability, and provides measures and criteria by which the environmental sustainability of economic growth, as it occurs in the real world, may be judged. It is argued that `green growth' is not only theoretically possible but economically achievable and the authors show what environmental and economic policies are required to achieve this. Economic Growth and Environmental Sustainability will be welcolmed by students of and researchers in environmental economics and environmental studies, as well as all interested policy-makers.

Greening the Accounts

The intended readers are scholars of ecological economics, environmental studies, and business and national accounting. Annotation copyrighted by Book News Inc., Portland, OR

Greening the Accounts

Finding such accounts of national wealth as Gross Domestic Product and Gross National Product to stand for all that is unsustainable and to be a relic to an industrial age that has passed and must be repudiated, European and North American scholars of accounting, economics, and politics describe an approach to accounting that is compatible with ecological economics. In a dozen studies they cover the history of national accounts, green accounting as a policy instrument, and uses of green accounting. The intended readers are scholars of ecological economics, environmental studies, and business and national accounting. Annotation copyrighted by Book News Inc., Portland, OR

Sustainable Development Indicators in Ecological Economics

This book is highly recommended for all those who are interested in a better understanding of what sustainable development is and its likely associated indicators, and ultimately aims to contribute to a better foundation for public decision ...

Sustainable Development Indicators in Ecological Economics

The book covers a wide range of concepts pertaining to the sustainable development and successfully captures the inter-connectivity of environmental preservation and sustainable development. International Journal of Ecological Economics and Statistics . . . this book is authoritative, objective and essential reading for academics and policymakers concerned with the application of indicators of sustainable development. It takes great care to emphasize what has worked, what has not and what should be our future priorities for research; the combination of these features certainly sets it apart from some other texts in the field. Lee M. Stapleton, Journal of Environmental Planning and Management This book presents a comprehensive collection of essays from some of the world s leading experts, surveying and highlighting both the potential and the limitations of a number of indicators specifically designed to measure sustainable development. Illustrative applications are presented throughout in order to demonstrate the value of the approaches discussed. This book is highly recommended for all those who are interested in a better understanding of what sustainable development is and its likely associated indicators, and ultimately aims to contribute to a better foundation for public decision-making. Paulo A.L.D. Nunes, Venice International University, Cà Foscari University, Fondazione Eni Enrico Mattei, Venice, Italy and Vrije Universiteit, Amsterdam, The Netherlands Since the late 1980s and early 1990s, national governments have introduced a range of policy measures designed to steer their economies along a more sustainable path. Yet how are we to know how successful these have been? This significant new book discusses the ways in which sustainable development indicators can be improved in order to both assess the impact of past policies and avoid the repetition of previous failings. Covering a broad range of indicators relating to national accounts, aggregate welfare, natural capital, ecosystem health and human environment interactions, this volume provides an important assessment of the strengths and weaknesses of each. With contributions from some of the most eminent scholars in the field, the book competently analyses the various methods of measuring the sustainable development performance of nations, and suggests many ways in which these can be developed and improved. While the contributors might offer conflicting views, the message they convey is universal the quest for appropriate sustainable development indicators is critically important if we are ever to bring about a fairer, sustainable and more efficient world.

Net National Product and Sustainability

Net national product (NNP) is an important item for a country.

Net National Product and Sustainability

Net national product (NNP) is an important item for a country. Martin Weitzman published his seminal paper on the significance for dynamic welfare of comprehensive national accounting aggregates, where he had included important theoretical contributions on welfare and sustainable accounting. In the aftermath of the World Commission on Environment and Development it became important to investigate whether the concept of NNP can serve as an indicator of sustainability. Green national accounting includes depletion and degradation of natural capital as negative components to the vector of investment goods and adds flows of environmental amenities to the vector of consumption goods. To sustain constant consumption in the Hartwick rule prescribes reinvesting all resource rents in reproducible capital. Many authors seem to indicate that Hartwick rule is relevant to an open economy whose reproducible capital is defined to include foreign assets. Hartwick refers to it as a 'Saudi Arabian' rule, but Hoel expresses it for a single resource-exporter.

Assigning Economic Value to Natural Resources

This is followed by a selection of nine individually authored papers, including one by Nobel prize winner Robert Solow, that probe scientific aspects of this issues in greater depth.

Assigning Economic Value to Natural Resources

There has been a lot of discussion among policymakers, particularly within the Clinton Administration, about how to make U.S. economic indicators, such as GNP, more accurately reflect the state of the environment. This book explores the major issues and controversies involved in incorporating natural resources and the environment into economic accounts. The first section of the volume, based largely on a three-day workshop of experts in the field, explains the possibilities and pitfalls in so-called "green" accounting. This is followed by a selection of nine individually authored papers, including one by Nobel prize winner Robert Solow, that probe scientific aspects of this issues in greater depth.

Sustainable Development National Aspirations Local Implementation

What about the prospects for implementing green accounts at the local level? Green accounts were primarily conceived as adjuncts to national accounts rather than as tools for use at the local or regional level.

Sustainable Development  National Aspirations  Local Implementation

Using case studies from Africa, South America, Asia and the Caribbean, this book examines the progress made in uniting national aspirations of sustainable development strategies with their local implementation. Comparing the situation on the ground with formal national environmental action plans, the book compares progress, or the lack of progress, between different sectors, cultures, regions and resources throughout the developing world. It examines whether local knowledge and actions are undermining national aspirations or whether they are being ignored at the national level with detrimental consequences to sustainable development. The measurement of sustainable development, the role of formal and informal education in sustainable development and the significance of diverse voices in the practice of sustainable development are considered. The book draws lessons from those cases which appear to be experiencing positive moves towards sustainability and examines whether common frameworks exist which suggest that good practice may be transferable from one milieu to another.

National Accounts and the Environment

This book presents the results of a joint research effort by the Fondazione Eni Enrico Mattei and Italy's Central Statistical Office (ISTAT) to design a system of accounts for natural and environmental resources.

National Accounts and the Environment

In recent years, analysts, researchers and environmental policy makers have been faced with a serious shortage of empirical data on environmental phenomena. In fact, the information gathered by various organisations has not yet been systematically classified into a consistent system of accounts. This book presents the results of a joint research effort by the Fondazione Eni Enrico Mattei and Italy's Central Statistical Office (ISTAT) to design a system of accounts for natural and environmental resources. The resulting environmental accounts can be integrated with the existing system of national accounts, in order to estimate the so-called `green GDP' or `net national product' (NNP).

Approaches to Sustainable Development

Concerns such as this have been one or the prime motivations for the development of 'green national accounts'. Because sustainable development is an all-encompassing concept, it is felt by analysts including Repetto et al.

Approaches to Sustainable Development

A definition of sustainable development is that of the Brundtland Commission - "...development which meets the needs of the current generation without jeopardizing the needs of future generations". This volume seeks to analyze the economic basis for this definition, and to look at the critiques of the economic approach - which have their basis in growing disquiet over the role of the productive normative science driving technological change and economic transformation. The discussion is followed by studies of the application of the criteria of sustainability to rural problems in South Asia, Kenya, Nepal, and Latin America and to urban/industrial problems in Jamaica, Chile and Vietnam.