“Green Accounting” is gaining utmost importance in recent times to ensure nations stability calculation in terms of not just economic but also ecological measurement. Green Accounting should be given emphasis as it contributes to the complete evaluation of a nation in comparison with its fellow nations. It is gaining recognition due to its inordinate purposes. This is one of an innovative and fruitful application of accounting, not in a traditional approach of record keeping. Purpose of Green Accounting and its requirement of inclusion in any economy in the near future with backed reasons will be put across in this paper. It will also be discussed that nations do exhibit symptoms associated with unaccounted depreciation of natural resources, including a lack of focus on sustainability thus, setting out a rationale for Green Accounting being the need of the hour.