publication . Article . 2014

Recording environmental assets in the national accounts

Carl Obst; Michael Vardon;
Open Access
  • Published: 01 Jan 2014 Journal: Oxford Review of Economic Policy, volume 30, pages 126-144 (issn: 0266-903X, eissn: 1460-2121, Copyright policy)
  • Publisher: Oxford University Press (OUP)
Accounting information is a core element of economic decision-making at both national and corporate levels. It is widely accepted that much economic activity is dependent upon natural capital and natural resources—generically termed environmental assets in an accounting context. Environmental assets are under threat of depletion and degradation from economic activity. Consequently, the incorporation of information on environmental assets into standard accounting frameworks is an essential element in mainstreaming environmental information and broadening the evidence base for economic decisions and the assessment of sustainability. This paper describes the treatm...
Persistent Identifiers
free text keywords: Economics and Econometrics, Management, Monitoring, Policy and Law, Accounting standard, Management accounting, Social accounting, Economics, National accounts, Balance sheet, Accounting, business.industry, business, Mark-to-market accounting, Accounting information system, Environmental full-cost accounting
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