This document discusses alternatives to traditional measures of GDP and GNP for assessing national economic performance and well-being. It describes several proposed alternative indicators that attempt to more fully account for environmental and social factors such as natural capital, non-market activities, income inequality, and sustainability. These proposed indicators include Green GDP, Adjusted Net Savings, Genuine Progress Indicator, Better Life Index, and Environmental Asset Accounts. Proponents of these alternative indicators argue that GDP does not adequately reflect changes in environmental quality or sustainability and should be supplemented with additional metrics. However, there is still no universal consensus on how to best measure economic performance and well-being when considering environmental and social factors.
An efficient allocation of resources that adequately accounts for natural capital. Traditional economics (including environmental economics - defined as the application of traditional economics to environmental problems) has focused on a third of these problems (efficient allocation) and therefore has not fully addressed the issue of sustainable development.
Beyond GDP: Towards a composite well-being indexThe case of the Green Econom...Gaia Manco
by Anton Nahman, CSIR
Presentation given at the 'Beyond-GDP in Africa: Innovative Ideas for a Regional Dashboard' workshop, Centre for the study of Governance Innovation, University of Pretoria. www.governanceinnovation.org
An efficient allocation of resources that adequately accounts for natural capital. Traditional economics (including environmental economics - defined as the application of traditional economics to environmental problems) has focused on a third of these problems (efficient allocation) and therefore has not fully addressed the issue of sustainable development.
Beyond GDP: Towards a composite well-being indexThe case of the Green Econom...Gaia Manco
by Anton Nahman, CSIR
Presentation given at the 'Beyond-GDP in Africa: Innovative Ideas for a Regional Dashboard' workshop, Centre for the study of Governance Innovation, University of Pretoria. www.governanceinnovation.org
Green or environmental accounting is a new branch of accounting that provides for accounting the environmental impact. Unlike conventional accounting, green accounting accounts for the environment and its well being. It factors environmental costs into the financial results of operations. It accounts for long run effects of economic activity on the environment. This primer provides a brief introduction to green accounting. Matthew N. O. Sadiku | Sunday S. Adekunte | Hyacinth A. Ezeka | Sarhan M. Musa "Green Accounting: A Primer" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33512.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/33512/green-accounting-a-primer/matthew-n-o-sadiku
Environmental accounts also known as green account provide data which highlight both the contribution of natural resources to economic well-being and the costs imposed by pollution or resource degradation.
Natural capital accounting presentation at the xbrl euro filing 2017 presente...Workiva
The green gross domestic product (green GDP or GGDP) is an index of economic growth with the environmental consequences of that growth factored into a country's conventional GDP. Green GDP monetizes the loss of biodiversity, and accounts for costs caused by climate change.
Green accounting is a new system in accounting that records the costs and benefits provided by the ecosystem for a business concern. Green accounting or environmental accounting is a new challenge of accounting system. Environmental resources are invaluable natural resources of a county like India there is an urgent need to maintain accounts of such resources. Economic development without environmental considerations brings about environmental crises and damages the quality of everyday life. Environmental issues have motivated the development of a distinctive branch of accounting called, “Green accounting''. Implementing Green accounting is one of the key areas of corporate social responsibility today. In their business activities, companies incorporate the concept of the environmental element. This paper presents a simple framework regarding green accounting. The present paper aims to study the objectives, benefits as well as limitations of green accounting. The paper also provides insights regarding green accounting in India. Dr. Sumit Trivedi "Green Accounting in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47534.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47534/green-accounting-in-india/dr-sumit-trivedi
Green growth can be seen as a way to pursue economic growth and development, while preventing environmental degradation, biodiversity loss, and unsustainable natural resource use.
For the short term, green growth can transform the opportunity of the crisis to ensure a more sustainable economic recovery.
For the long term, it will promote new, greener sources of growth.
The OECD is working on policy recommendations to help governments achieve greener growth. The presentation gives an overview of the findings to date and the next steps. It mentions innovation, taxes, jobs and development issues, as well as how to measure progress towards greener growth.
Integrating Environmental Accounting in Agro-Allied and Manufacturing Indust...IJMER
ONLY WHEN THE LAST TREE IS CUT, ONLY WHEN THE LAST RIVER IS POLLUTED, ONLY WHEN THE LAST FISH IS CAUGHT, ONLY THEN WILL THEY REALIZE THAT YOU CANNOT EAT MONEY’ American proverb
Due to growing awareness and concern on the impact of human activity on the ecosystem, there is an
increasing trend to judge organizations in relation to the community in which it operates. The impact of the activities on the environment with regard to pollution of water, air, land and abuse of natural resources are coming under scrutiny of governments, stakeholders and citizens. Education is considered the key to effective development strategies and TVET institutions then must be the master
key that can alleviate poverty, promote peace, conserve the environment, improve the quality of life
for all and help achieve sustainable development. Unless proper accounting work is done, it cannot be determined that both have been fulfilling their responsibilities. The aim of the study was to explore whether distinctive processes of environmental accounting are possible in agro-allied and
manufacturing industries with a view to enhancing sustainability. To accomplish this aim, this research explores environmental accountability practices in TVET institutions. This paper is in part of an exploratory research project and it is limited in that it attempts to be illuminative and theoretically driven. The paper aims to prove that environmental reporting and disclosure will
enable in agro-allied and manufacturing industries undertake a major transformation that includes
approaches that harmonize economic prosperity, environmental conservation and social well-being.
However, while strategies for achieving this goal are not widespread, a range of international experiences is beginning to suggest ways forward. These initiatives include national TVET policy reforms, green campus, green curriculum, green community, green research and green culture. The paper includes suggested templates that can be useful in agro-allied and manufacturing industries
Integrating Environmental Accounting in Agro-Allied and Manufacturing Industr...IJMER
‘ONLY WHEN THE LAST TREE IS CUT, ONLY WHEN THE LAST RIVER IS
POLLUTED, ONLY WHEN THE LAST FISH IS CAUGHT, ONLY THEN WILL THEY REALIZE
THAT YOU CANNOT EAT MONEY’ American proverb
Due to growing awareness and concern on the impact of human activity on the ecosystem, there is an
increasing trend to judge organizations in relation to the community in which it operates. The
impact of the activities on the environment with regard to pollution of water, air, land and abuse of
natural resources are coming under scrutiny of governments, stakeholders and citizens. Education is
considered the key to effective development strategies and TVET institutions then must be the master
key that can alleviate poverty, promote peace, conserve the environment, improve the quality of life
for all and help achieve sustainable development. Unless proper accounting work is done, it cannot
be determined that both have been fulfilling their responsibilities. The aim of the study was to explore
whether distinctive processes of environmental accounting are possible in agro-allied and
manufacturing industries with a view to enhancing sustainability. To accomplish this aim, this
research explores environmental accountability practices in TVET institutions. This paper is in part
of an exploratory research project and it is limited in that it attempts to be illuminative and
theoretically driven. The paper aims to prove that environmental reporting and disclosure will
enable in agro-allied and manufacturing industries undertake a major transformation that includes
approaches that harmonize economic prosperity, environmental conservation and social well-being.
However, while strategies for achieving this goal are not widespread, a range of international
experiences is beginning to suggest ways forward. These initiatives include national TVET policy
reforms, green campus, green curriculum, green community, green research and green culture. The
paper includes suggested templates that can be useful in agro-allied and manufacturing industries
Green GDP as an indicator of environmental cost of economic growth in UkraineMykola Shlapak
The article provides the results of the environmental adjustment of the traditional macroeconomic indicators for Ukraine taking into account depletion of natural capital, environmental degradation due to atmospheric pollution and governmental expenditures on environmental protection. For the first time the calculation of “Green GDP” and environmentally adjusted net domestic product (NDP) for Ukraine has been elaborated for the period 2001-2010. Depletion of natural capital has been estimated based on the official data on the net operational income and specific taxes of the extraction industry of Ukraine and applying the Hartwick's rule on the reinvestment of the resource rent. Environmental degradation due to atmospheric pollution has been estimated based on the results of the research on the economic cost of pollution from thermal power stations in Ukraine. The general conclusion is that the economic growth of Ukraine is significantly dependent on natural capital and has substantial environmental drawbacks.
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Venturesgreendigital
Willie Nelson is a name that resonates within the world of music and entertainment. Known for his unique voice, and masterful guitar skills. and an extraordinary career spanning several decades. Nelson has become a legend in the country music scene. But, his influence extends far beyond the realm of music. with ventures in acting, writing, activism, and business. This comprehensive article delves into Willie Nelson net worth. exploring the various facets of his career that have contributed to his large fortune.
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Introduction
Willie Nelson net worth is a testament to his enduring influence and success in many fields. Born on April 29, 1933, in Abbott, Texas. Nelson's journey from a humble beginning to becoming one of the most iconic figures in American music is nothing short of inspirational. His net worth, which estimated to be around $25 million as of 2024. reflects a career that is as diverse as it is prolific.
Early Life and Musical Beginnings
Humble Origins
Willie Hugh Nelson was born during the Great Depression. a time of significant economic hardship in the United States. Raised by his grandparents. Nelson found solace and inspiration in music from an early age. His grandmother taught him to play the guitar. setting the stage for what would become an illustrious career.
First Steps in Music
Nelson's initial foray into the music industry was fraught with challenges. He moved to Nashville, Tennessee, to pursue his dreams, but success did not come . Working as a songwriter, Nelson penned hits for other artists. which helped him gain a foothold in the competitive music scene. His songwriting skills contributed to his early earnings. laying the foundation for his net worth.
Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
UNDERSTANDING WHAT GREEN WASHING IS!.pdfJulietMogola
Many companies today use green washing to lure the public into thinking they are conserving the environment but in real sense they are doing more harm. There have been such several cases from very big companies here in Kenya and also globally. This ranges from various sectors from manufacturing and goes to consumer products. Educating people on greenwashing will enable people to make better choices based on their analysis and not on what they see on marketing sites.
Characterization and the Kinetics of drying at the drying oven and with micro...Open Access Research Paper
The objective of this work is to contribute to valorization de Nephelium lappaceum by the characterization of kinetics of drying of seeds of Nephelium lappaceum. The seeds were dehydrated until a constant mass respectively in a drying oven and a microwawe oven. The temperatures and the powers of drying are respectively: 50, 60 and 70°C and 140, 280 and 420 W. The results show that the curves of drying of seeds of Nephelium lappaceum do not present a phase of constant kinetics. The coefficients of diffusion vary between 2.09.10-8 to 2.98. 10-8m-2/s in the interval of 50°C at 70°C and between 4.83×10-07 at 9.04×10-07 m-8/s for the powers going of 140 W with 420 W the relation between Arrhenius and a value of energy of activation of 16.49 kJ. mol-1 expressed the effect of the temperature on effective diffusivity.
WRI’s brand new “Food Service Playbook for Promoting Sustainable Food Choices” gives food service operators the very latest strategies for creating dining environments that empower consumers to choose sustainable, plant-rich dishes. This research builds off our first guide for food service, now with industry experience and insights from nearly 350 academic trials.
Epcon is One of the World's leading Manufacturing Companies.EpconLP
Epcon is One of the World's leading Manufacturing Companies. With over 4000 installations worldwide, EPCON has been pioneering new techniques since 1977 that have become industry standards now. Founded in 1977, Epcon has grown from a one-man operation to a global leader in developing and manufacturing innovative air pollution control technology and industrial heating equipment.
Altered Terrain: Colonial Encroachment and Environmental Changes in Cachar, A...PriyankaKilaniya
The beginning of colonial policy in the area was signaled by the British annexation of the Cachar district in southern Assam in 1832. The region became an alluring investment opportunity for Europeans after British rule over Cachar, especially after the accidental discovery of wild tea in 1855. Within this historical context, this study explores three major stages that characterize the evolution of nature. First, it examines the distribution and growth of tea plantations, examining their size and rate of expansion. The second aspect of the study examines the consequences of land concessions, which led to the initial loss of native forests. Finally, the study investigates the increased strain on forests caused by migrant workers' demands. It also highlights the crucial role that the Forest Department plays in protecting these natural habitats from the invasion of tea planters. This study aims to analyze the intricate relationship between colonialism and the altered landscape of Cachar, Assam, by means of a thorough investigation, shedding light on the environmental, economic, and societal aspects of this historical transformation.
Climate Change All over the World .pptxsairaanwer024
Climate change refers to significant and lasting changes in the average weather patterns over periods ranging from decades to millions of years. It encompasses both global warming driven by human emissions of greenhouse gases and the resulting large-scale shifts in weather patterns. While climate change is a natural phenomenon, human activities, particularly since the Industrial Revolution, have accelerated its pace and intensity
Presented by The Global Peatlands Assessment: Mapping, Policy, and Action at GLF Peatlands 2024 - The Global Peatlands Assessment: Mapping, Policy, and Action
"Understanding the Carbon Cycle: Processes, Human Impacts, and Strategies for...MMariSelvam4
The carbon cycle is a critical component of Earth's environmental system, governing the movement and transformation of carbon through various reservoirs, including the atmosphere, oceans, soil, and living organisms. This complex cycle involves several key processes such as photosynthesis, respiration, decomposition, and carbon sequestration, each contributing to the regulation of carbon levels on the planet.
Human activities, particularly fossil fuel combustion and deforestation, have significantly altered the natural carbon cycle, leading to increased atmospheric carbon dioxide concentrations and driving climate change. Understanding the intricacies of the carbon cycle is essential for assessing the impacts of these changes and developing effective mitigation strategies.
By studying the carbon cycle, scientists can identify carbon sources and sinks, measure carbon fluxes, and predict future trends. This knowledge is crucial for crafting policies aimed at reducing carbon emissions, enhancing carbon storage, and promoting sustainable practices. The carbon cycle's interplay with climate systems, ecosystems, and human activities underscores its importance in maintaining a stable and healthy planet.
In-depth exploration of the carbon cycle reveals the delicate balance required to sustain life and the urgent need to address anthropogenic influences. Through research, education, and policy, we can work towards restoring equilibrium in the carbon cycle and ensuring a sustainable future for generations to come.
2. GREENING THE NATIONAL INCOME ACCOUNTS
NATURAL CAPITAL
The available
endowment of
land and
resources
including air,
water, soil,
forests,
fisheries,
minerals, and
ecological life-
Is standard measure of GDP and GNP a good
measure of well being?
3. Critics To Standard Accounting Measures…..
DEFENSIVE
EXPENDITURES
(APPROACH)
A pollution
valuation
methodology
based on the
expenditures
households take
to avoid or
mitigate their
Volunteer works are not accounted for.
Household production is not included.
No consideration is made for changes in
leisure time.
Defensive expenditures are included.
The distribution of income is not
considered.
Non-economic contributors are excluded.
4. System Of Environmental And Economic Accounts
SEEA
A guidebook
developed by the
united nations to
provide standards for
incorporating natural
capital and
environmental quality
into national
accounting systems.
SATELLITE ACCOUNTS
Accounts that estimate
the supply of natural
capital in physical,
rather than monetary,
terms; used to
supplement traditional
national income
Measuring the relationship between
the environment and economy in
both directions.
Measuring environmental economic
activities.
Environmental asset
accounts(Natural resource or
Satellite accounts)
Adjusting existing accounting
5. ENVIRONMENTALLY ADJUSTED NET DOMESTIC
PRODUCT(EDP)
GREEN ACCOUNTING
General term applied to
efforts to incorporate
natural resources and
environmental quality
into national accounting
techniques.
EDP
A national accounting
measure that deducts a
monetary value from net
domestic product to
account for natural
capital depreciation.
EDP = GDP – Dm – Dn
6. ADJUSTED NET SAVINGS(ANS)
NDS
A national accounting
measure equal To
gross domestic
savings less
Manufactured capital
depreciation.
ANS
A national accounting
measure developed
by the World Bank
which aims to
measure how much a
country is actually
saving for it future.
7.
8.
9. GENUINE PROGRESS INDICATORS(GPI)
GPI
A national accounting
measure that includes
the monetary value of
goods and services
that contribute to
well-being, such as
volunteer work and
higher education, and
deducts impacts that
detract from well-
being, such as the loss
of leisure time,
pollution, and
commuting.
It measures sustainable economic welfare rather than
economic activity alone.
Calculation of GPI
Weighing consumption by income inequality
Add in the value of household labour and parenting
Add in the value of higher education
Add in the value of volunteer work.
Add in the service value of consumer durables
Add in the service value from highways and streets
Subtract the cost of crime
10. Calculation Of GPI( Cont..)
NET INVESTMENT AND
DISINVESTMENT
The process of adding
to, or subtracting from,
productive capital over
time, calculated by
subtracting depreciation
from gross, or total,
investment.
Subtract the loss of leisure time.
Subtract the cost of underemployment
Subtract the cost of consumer durables
Subtract the cost of commuting and auto accidents
Subtract the cost of household environmental defensive
expenditures
Subtract the costs of pollution (air, water, and noise)
Subtract the value of lost wetlands, farmlands, and forests
Subtract the costs of depleting non-renewable energy
sources.
Subtract the damages from carbon dioxide emissions and
ozone depletion
11.
12.
13.
14.
15. BETTER LIFE INDEX(BLI)
HDI
A national accounting
measure developed by
the united nations,
based on three factors
GDP levels, education,
and life expectancy.
BLI
An index developed by
the OECD to measure
national welfare using
11 well-being
dimensions.
Income, Wealth, And Inequality
Jobs and Earnings
Housing Conditions
Health Status
Work and Life Balance
Education and Skills
Social Connections
Civic Engagement and Governance
Environmental Quality
Personal Security
Subjective Well-Being
16.
17. ENVIRONMENTAL ASSET ACCOUNTING
ENVIRONMENTAL ASSET
ACCOUNTS OR (NATURAL
RESOURCE ACCOUNTS)
National accounts that
track the level of natural
resources and
environmental impacts in
specific categories,
maintained in either
physical or monetary units.
Critical natural capital
Elements of natural capital
for which there are no
good human-made
substitutes, such as basic
They provide a detailed picture of a country’s
natural capital levels and trends over time. A
particular focus can be on ensuring that levels of
critical natural capital are maintained.
They provide a means for assessing very strong
sustainability. Since each category of natural capital
is quantified in a separate account, policy makers
can determine whether the levels of each are being
maintained.
If we maintain these accounts solely in physical
units, we can assess very strong sustainability. If we
convert physical units to monetary values, we can
assess strong sustainability, but only to the extent
18.
19. FUTURE OF ALTERNATIVE INDICATORS
Implementation part of discussed indicators are limited
There is no universally accepted measure of
environmental accounting
Commission on the Measurement of Economic
Performance and Social Progress. The commission was
chaired by Nobel Prize–winning economist Joseph
Stiglitz and the chair adviser was another Nobel laureate
economist, Amartya Sen.
To identify the limits of GDP as an indicator of
economic performance and social progress, to consider
additional information required for the production of a
more relevant picture, to discuss how to present this
information in the most appropriate way, and to check
the feasibility of measurement tools proposed by the
Commission
Non economic contributors: citizen’s level of education, health, skills etc are not considered, while these are indicators of well being of the citizen
The concept of environmental account is in discussion from 1970s nd 80s itself
SEEA as a handbook from UN on environmental accounting in 93 further revised in 2003 as SEEA and systematized in 2012
No universaly accepted approach on environmental accounting. Even none of the countries implemented SEEA completely.
GPI estimates have been developed for countries other than the United States, including Germany, Australia, China, and India.
Commutation: going up nd down regularly for work like purposes
Graph of Us; http://geraldguild.com/blog/category/poverty/
Beyond GDP: Measuring and achieving global genuine progress Ida Kubiszewski a,⁎, Robert Costanza a, Carol Franco b, Philip Lawn c, John Talberth d,
Tim Jackson e, Camille Aylmer f
Household disposable income and net financial wealth
Unemployment rate, long term unemployment rate and average wage of employee
Important for security privacy and stability
Life expectancy and subjective evolution of one’s overall health status
Average working hours, leisure time, and employment rate of women with school going child
Adult population with high school degree and students’ cognitive skills
Understood from people’s response to questions like have friend/
Voter turn outs and citizen inputs in policy making
Air pollution, diseases caused by pollution, subjective satisfaction of people with the surrounding environmental conditions and access to green space
Homicide and assault rates
People’s overall satisfaction with their living and and reported negative feelings
Source: OECD 2011
Categories: Timber resource, minerals, agricultural land and ground water etc
environmental services: ecosystem services such as nutrient cycling, water purification, and soil stabilization; these services benefit humans and support economic production.
Monitarizing natural resource account: Calculate overall well being, price difference may manipulate data, externalities are not accounted
Sweedn is has a well maintained environmental asset
In 2008 French president Nicolas Sarkozy
From the report submitted in 2009“traffic jams may increase GDP as a result of the increased use of gasoline, but obviously not the quality of life. Moreover, if citizens are concerned about the quality of air, and air pollution is increasing, then statistical measures which ignore air pollution will provide an inaccurate estimate of what is happening to citizens’ well-being. Or a tendency to measure gradual change may be inadequate to capture risks of abrupt alterations in the environment such as climate change.18 environmental services ecosystem services such as nutrient cycling, water purification, and soil stabilization; these services benefit humans and support economic production”.