27 Apr '11, 2pm

Green Accounting as the Path to a Sustainable Future: Growth can no longer be measured in strictly economic term...

Green Accounting as the Path to a Sustainable Future: Growth can no longer be measured in strictly economic term...

Growth can no longer be measured in strictly economic terms such as the monetary value of output, income or expenditure per head. Additional criteria are needed for green growth. According to UK economist Tim Jackson : “Prosperity consists in our ability to flourish as human beings -- within the ecological limits of a finite planet. The challenge for our society is to create the conditions under which this is possible.” Green growth will come from applying green public procurement and green research and development. Appropriate penalties such as making the polluter pay for pollution and incentives like tax breaks for investment in green R&D are required. However, measuring green growth will need additional criteria such as sustainability, greenness, happiness or well-being. Green or environmental accounting could be the answer. At the corporate level, this requires the ide...

Full article: http://www.greenbiz.com/blog/2011/04/27/green-accounting-...

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