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In this sense it is similar to green accounting, which attempts to factor environmental costs into the financial results of operations.
The trick in pushing the envelope on green accounting, he argued, is "knowing what you can do with it."
Until now, fledgling efforts at what is called "green accounting" have been pursued largely at the national level.
"Green Accounting: Cosmetic irrelevance or radical agenda for change?"
The agency began working on a green accounting system called Integrated Environmental and Economic Accounts.
It has been argued that gross domestic product ignores the environment and therefore decisionmakers need a revised model that incorporates green accounting.
The new Costanza study is not really an exercise in green accounting, and some experts question its practical usefulness while others express skepticism about its basic finding.
Green Accounting: Special Issue of Accounting, Auditing and Accountability Journal (Jt.
We have tabled amendments dealing in greater detail with how the budget can be adapted to take more account of environmental concerns, and what is to be made of 'green accounting' .
Some independent research groups have tried to devise a kind of "green accounting" or "general progress indicator," but most economists say that so far, attempts to merge G.D.P. and environmental damage are seriously flawed.
The study is led by Pavan Sukhdev, a senior banker from Deutsche Bank, and founder-director of the green accounting project GIST (Green Indian States Trust [7]) in India.
Environmental or green accounting is a method of social accounting for formulating and deriving such measures on the argument that an educated valuation is superior to a value of zero (as the implied valuation of environmental assets).
I consider it very important that a system of green accounting should be introduced in the individual Member States so that we can carry out a form of environmental accounting - the German term is not very beautiful - once the individual Member States have reported back.
This is particularly important as, in precisely those places where we can integrate environmental protection very well, in operational processes and other processes, this integration of a system of green accounting into general accounting has many advantages and is excellent for transposing environmental provisions into national law.
IIED's Environmental Economics programme helped to develop some of the first 'green accounting' and eco-taxation techniques now used in government and industry, while Richard Sandbrook lobbied some of the world's largest corporations to improve their environmental performance - notably in the mining sector.