Green accounting

Balancing environment and economy 1

Authored by: Peter Bartelmus

Routledge Handbook of Sustainability Indicators

Print publication date:  June  2018
Online publication date:  June  2018

Print ISBN: 9781138674769
eBook ISBN: 9781315561103
Adobe ISBN:

10.4324/9781315561103-15

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Abstract

GDP is blamed for distorting the assessment of socioeconomic progress. GDP bashing ignores, though, that the national accounts provide the only well-defined objective measures of economic performance, an essential ingredient of national progress. This is not to deny that a number of environmental and social obstacles might lie in the way of progress. The greening of the national accounts, as suggested by the System of Environmental-Economic Accounting, corrects the accounting indicators for hitherto ignored environmental costs. Internalizing these costs into the budgets of households and enterprises and into environmental-economic policies would ground the integration of environmental and economic policies on facts rather than rhetoric.

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