Measuring and Accounting for Environmental Public Goods - A National Accounts Perspective

Provides strategies and approaches for integrating natural capital into environmental statistics. While the importance of natural resources and the contributions of the environment to welfare are apparent, traditional national income and wealth accounting practices do not measure or value environmental public goods. This volume examines the conceptual and empirical basis for integrating natural capital-forests, oceans, and air-into the economic and environmental statistics that inform public policy. It offers innovative approaches to valuing nonmarket environmental goods and services, including strategies for capturing heterogeneity in measurement across types of capital, geography, and individuals. The chapters focus on measuring productivity with adjustments for pollution damage, developing a microdata infrastructure to advance our understanding of the distribution of environmental amenities and hazards, and estimating long-run sustainable development indicators. Case studies consider coastal assets, forests, and marine ecosystems, and develop strategies for implementing specific environmental-economic accounts such as environmental activity accounts and natural capital accounts for forests and the marine economy. As national income accounting standards are updated to incorporate expanded guidance on issues related to natural capital, this timely book will help inform decisions on the measurement and treatment of climate, air, water, and other public goods.

Product details

• Authors: Nicholas Z. Fenichel Muller
• Assisted by: Mary Bohman (Editor), Bohman Mary (Editor), Eli P. Fenichel (Editor), Nicholas Z. Muller (Editor), Muller Nicholas Z. (Editor)
• Publisher: University Of Chicago Press
• Languages: English
• Product format: Hardback
• Released: 07.04.2025
• EAN: 9780226839356
• ISBN: 978-0-226-83935-6
• No. of pages: 312
• Series: National Bureau of Economic Research Studies in Income and Wealth
• Subjects: Social sciences, law, business > Business > Management; Nature / Environmental Conservation & Protection, Business and Management, POLITICAL SCIENCE / Public Policy / Environmental Policy, BUSINESS & ECONOMICS / Environmental Economics, Business & management, Conservation of the environment, Environmental policy and protocols