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Recording environmental assets in the national accounts

Obst, Carl; Vardon, M

Description

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...[Show more]

dc.contributor.authorObst, Carl
dc.contributor.authorVardon, M
dc.date.accessioned2015-12-13T22:32:43Z
dc.identifier.issn0266-903X
dc.identifier.urihttp://hdl.handle.net/1885/75694
dc.description.abstractAccounting 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 treatment of environmental assets within the national economic accounts and summarizes recent developments that extend the accounting approaches as described in the United Nations' System of Environmental-Economic Accounting (SEEA). The potential for implementation of accounting standards for environmental assets is shown through a description of work in Australia on environmental-economic accounting.
dc.publisherOxford University Press
dc.sourceOxford Review of Economic Policy
dc.titleRecording environmental assets in the national accounts
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume30
dc.date.issued2014
local.identifier.absfor149902 - Ecological Economics
local.identifier.ariespublicationU3488905xPUB4749
local.type.statusPublished Version
local.contributor.affiliationObst, Carl, University of Melbourne
local.contributor.affiliationVardon, M, College of Medicine, Biology and Environment, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage126
local.bibliographicCitation.lastpage144
local.identifier.doi10.1093/oxrep/gru003
local.identifier.absseo960600 - ENVIRONMENTAL AND NATURAL RESOURCE EVALUATION
dc.date.updated2015-12-11T09:09:28Z
local.identifier.scopusID2-s2.0-84901502416
local.identifier.thomsonID000337051700007
CollectionsANU Research Publications

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