Measuring and Accounting for Environmental Public Goods

A National Accounts Perspective

Nicholas Z Muller editor Eli P Fenichel editor Mary Bohman editor

Format:Hardback

Publisher:The University of Chicago Press

Publishing:17th Mar '25

£112.00

This title is due to be published on 17th March, and will be despatched as soon as possible.

Measuring and Accounting for Environmental Public Goods cover

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.

ISBN: 9780226839356

Dimensions: unknown

Weight: 454g

320 pages