Accounting for liabilities related to ecosystem degradation

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dc.contributor.authorOgilvy, Sue
dc.contributor.authorBurritt, Roger
dc.contributor.authorWalsh, Dionne
dc.contributor.authorObst, Carl
dc.contributor.authorMeadows, Peter
dc.contributor.authorMuradzikwa, Peter
dc.contributor.authorEigenraam, Mark
dc.date.accessioned2024-02-22T04:32:32Z
dc.date.available2024-02-22T04:32:32Z
dc.date.issued2018
dc.date.updated2022-10-09T07:16:10Z
dc.description.abstractIntroduction:A growing belief that accounting can and should play a role in halting andreversing degradation of ecosystems is leading to conceptual and methodological develop-ments that recognize the cost of degradation, attribute the cost to the entities responsibleand assure that entities can’t ignore the economic burden associated with it.Outcome:Demonstration accounts prepared around a scenario where agricultural use ofland includes an obligation to maintain ecosystem condition. The accounts are compliant and coherent with both the international accounting standards for individual entities and the United Nations’System of Environmental-Economic Accounting.Discussion:Accounting for liabilities for ecosystem degradation demonstrates that, where theliability reflects the lost economic value of the ecosystem, the accounts communicate a reductionin the total net worth of the economy and a redistribution of net worth away from the partyresponsible for the degradation. The inclusion of both liabilities for degradation and the cost ofdegradation does not lead to double-counting the economic impact of degradation.Conclusion:Accounting principles and frameworks encourage greater accountability for entitiesresponsible for ecosystem condition by providing greater visibility of the economic cost toindividual entities, governments and nationsen_AU
dc.description.sponsorshipThis work was supported by the Fenner School of Environment and Society, Australian National University.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn2332-8878en_AU
dc.identifier.urihttp://hdl.handle.net/1885/313819
dc.language.isoen_AUen_AU
dc.provenanceThis is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.en_AU
dc.publisherTaylor & Francis Onlineen_AU
dc.rights© 2018 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group on behalf of the Ecological Society of China.en_AU
dc.rights.licenseCreative Commons Attribution 4.0 International Licenseen_AU
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_AU
dc.sourceEcosystem Health and Sustainabilityen_AU
dc.subjectEcosystem accountingen_AU
dc.subjectliabilitiesen_AU
dc.subjectdegradationen_AU
dc.subjectsustainabilityen_AU
dc.subjectsustainabledevelopment goals (SDG)en_AU
dc.titleAccounting for liabilities related to ecosystem degradationen_AU
dc.typeJournal articleen_AU
dcterms.accessRightsOpen Accessen_AU
local.bibliographicCitation.issue11en_AU
local.bibliographicCitation.lastpage276en_AU
local.bibliographicCitation.startpage261en_AU
local.contributor.affiliationOgilvy, Sue, College of Science, ANUen_AU
local.contributor.affiliationBurritt, Roger, College of Science, ANUen_AU
local.contributor.affiliationWalsh, Dionne, Northern Territory Department of Primary Industry & Resourcesen_AU
local.contributor.affiliationObst, Carl, University of Melbourneen_AU
local.contributor.affiliationMeadows, Peter, Australian Bureau of Statisticsen_AU
local.contributor.affiliationMuradzikwa, Peter, Australian Bureau of Statisticsen_AU
local.contributor.affiliationEigenraam, Mark, IDEEA Groupen_AU
local.contributor.authoremailu8901504@anu.edu.auen_AU
local.contributor.authoruidOgilvy, Sue, u4897854en_AU
local.contributor.authoruidBurritt, Roger, u8901504en_AU
local.description.notesImported from ARIESen_AU
local.identifier.absfor350107 - Sustainability accounting and reportingen_AU
local.identifier.ariespublicationa383154xPUB10660en_AU
local.identifier.citationvolume4en_AU
local.identifier.doi10.1080/20964129.2018.1544837en_AU
local.identifier.scopusID2-s2.0-85064911087
local.identifier.thomsonIDWOS:000451562500002
local.identifier.uidSubmittedBya383154en_AU
local.publisher.urlhttps://spj.science.org/en_AU
local.type.statusPublished Versionen_AU

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