E-Book Overview
Traditional measures of economic activity, such as GDP, take no account of damage done to the stock of natural capital by environmental change nor the loss of welfare that economic activity causes through increased pollution. This book predominantly addresses the second question and develops and expands previous research by the authors (Markandya and Pavan, 1999). Using spatially desegregated data on measures of pollution to derive economic damage estimates, the main purpose of the book is to gauge the environmental damage sustained as a result of economic activities and to offer an insight about how the information generated can be used in conjunction with conventional economic accounts. The first few chapters review recent developments in both green accounting and pathway analysis. The book goes on to evaluate the progress made in estimating dose response functions and valuing environmental damages. The authors discuss the methodology used for the estimation of damages caused by ambient air pollution and the cost of defensive expenditures. They also present the results of the analysis and draw important policy conclusions for environmental accounting, particularly in the EU. This book will be essential reading for environmental economists, particularly those interested in issues of environmental accounting.
E-Book Content
Green Accounting in Europe
THE FONDAZIONE ENI ENRICO MATTEI (FEEM) SERIES ON ECONOMICS AND THE ENVIRONMENT Series Editor: Carlo Carraro, University of Venice, Venice and Research Director, Fondazione Eni Enrico Mattei (FEEM), Milan, Italy Editorial Board Kenneth J. Arrow, Department of Economics, Stanford University, Stanford, California, USA William J. Baumol, CV Starr Center for Applied Economics, New York University, New York City, USA Partha Dasgupta, Cambridge University, Cambridge, UK Karl-Göran Mäler, The Beijer International Institute of Ecological Economics, The Royal Swedish Academy of Sciences, Stockholm, Sweden Ignazio Musu, University of Venice, Venice, Italy Henry Tulkens, Center for Operations Research and Econometrics (CORE), Université Catholique de Louvain, Louvain-la-Neuve, Belgium The Fondazione Eni Enrico Mattei (FEEM) was established in 1989 as a non-profit, nonpartisan research institution. It carries out high-profile research in the fields of economic development, energy and the environment, thanks to an international network of researchers who contribute to disseminate knowledge through seminars, congresses and publications. The main objective of the Fondazione is to foster interactions among academic, industrial and public policy spheres in an effort to find solutions to environmental problems. Over the years it has thus become a major European institution for research on sustainable development and the privileged interlocutor of a number of leading national and international policy institutions. The Fondazione Eni Enrico Mattei (FEEM) Series on Economics and the Environment publishes leading-edge research findings providing an authoritative and up-to-date source of information in all aspects of sustainable development. FEEM research outputs are the results of a sound and acknowledged cooperation between its internal staff and a worldwide network of outstanding researchers and practitioners. A Scientific Advisory Board of distinguished academics ensures the quality of the publications. This series serves as an outlet for the main results of FEEM’s research programmes in the areas of economics, energy and the environment. Titles in the series include: Climate Change and the Mediterranean Socio-economic Perspectives of Impacts, Vulnerability and Adaptation Edited by Carlo Giupponi and Mordechai Shechter Game Practice and the Environment Edited by Carlo Carraro and Vito Fragnelli Analysing Strategic Environmental Assessment Towards Better Decision-Making Edited by Pietro Caratti, Holger