Environmental & Natural Resource Accounting
The natural world requires different standards of success and requirements for meeting goals than traditional businesses. Companies usually focus on the financial aspects of its activities, especially profit. Nature is about survival and coexistence. Valuation is not necessarily the end product or gain, but the balance, continuation and evolution of its systems and citizens. In Environmental and Natural Resource Accounting, a community, business or government would not just measure what is left to take of a resource, but figure out its own role in conserving it, who else relies on it, and the cost of losing it. These aspects should be as important, if not more so, than how much shareholders earn. If a business relies on a raw material to make its product, the supply of that one input will affect its ability to keep producing. On a larger scale, if a community relies on a natural resource to keep living conditions safe and healthy, it should matter if that resource can continue to support those conditions.
Measuring, recording and tracking the value of what nature gives and does for human communities provides a way to understand and value the earth in dollars and cents. By accounting for what the earth gives and does, people then have a basis for paying it back.
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Featured Article
Wind turbine bat mortality
Wind turbine bat mortality is a significant adverse impact of large scale wind energy development. Wind energy has become an increasingly important sector of the renewable... More »
Measuring sustainable economic growth and development
Last Updated on 2013-05-03 at 01:03
Concept and indicators of sustainable development
Almost two decades ago the United Nations established a commission to investigate persistent policy failures in both... More »
NAFTA as a forum for carbon dioxide permit trading
Last Updated on 2012-12-05 at 17:40
Introduction
The carbon market is one of the world’s fastest growing markets, with trade volume increasing from 94 million metric tons in 2004 to 800 million metric... More »
Total economic valuation of threatened and endangered...
Last Updated on 2012-11-27 at 00:23
[Authorship attribution for this article should be cited as John Loomis, Leslie Richardson and Arthur Edwards]
Introduction
Protecting habitats for species... More »
Green building
Last Updated on 2012-09-28 at 14:17
Green building is the practice of increasing the efficiency with which buildings use resources — energy, water, and materials — thereby reducing a... More »
Eco-innovation
Last Updated on 2012-09-02 at 12:29
In view of the environmental perspective, it is possible to distinguish two different design approaches to innovations: one is to consider most of the human... More »
Value of carbon: five definitions
Last Updated on 2012-08-22 at 15:12
Abstract
What is the value of a tonne of carbon dioxide (CO2) that has not been emitted into the atmosphere? It all depends on what you mean by value. The purpose... More »
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