World Library  
Flag as Inappropriate
Email this Article

Green accounting

Article Id: WHEBN0014762315
Reproduction Date:

Title: Green accounting  
Author: World Heritage Encyclopedia
Language: English
Subject: Environmental economics, Green economy, Sustainability measurement, Carbon tax, Carbon price
Collection: Environmental Economics
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Green accounting

Green accounting is a type of accounting that attempts to factor environmental costs into the financial results of operations. It has been argued that gross domestic product ignores the environment and therefore decisionmakers need a revised model that incorporates green accounting.[1]

Contents

  • Etymology 1
  • Debate 2
  • See also 3
  • References 4
  • External links 5

Etymology

The term was first brought into common usage by economist and professor Peter Wood in the 1980s.

Debate

It is a controversial practice however, since depletion may be already factored into accounting for the extraction industries and the accounting for externalities may be arbitrary. It is obvious therefore that a standard practice be established in order for it to gain both credibility and use. Depletion isn't the whole of environmental accounting however with pollution being but one factor of business that is almost never accounted for specifically. Julian Lincoln Simon, a professor of business administration at the University of Maryland and a Senior Fellow at the Cato Institute, argued that use of natural resources results in greater wealth, as evidenced by the falling prices over time of virtually all nonrenewable resources.

See also

References

  1. ^ Sjak Smulders (2008). "green national accounting," The New Palgrave Dictionary of Economics, 2nd Edition\. Abstract.
  • Schaltegger, S. & Burritt, R.: Contemporary Environmental Accounting: Issues, Concept and Practice. Sheffield: Greenleaf, 2000 ISBN 1-874719-65-9

External links

  • Green Budget.


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.