Abstract
Since the late 1980s, the discussion of environmentally sound and sustainable socioeconomic development has received increased attention from the international community. This new development concept requires clarification, and appropriate methodologies for its assessment and implementation need to be developed. With this aim, several research programmes have been organized by UNEP, the World Bank and other organizations, to examine the feasibility of physical and monetary accounting in the areas of natural resources and the environment and to develop alternative macro indicators of ecologically adjusted/sustainable income and product.2
This paper is based on a large study undertaken by many researchers, under the guidance of A. Markandya. The researchers are the following: From Germany: U. Triebswetter (Ifo Institut), W. Krewitt and R. Freidrich (IER); from Italy: M. Pavan, D. Guidi (FEEM); from the Netherlands: O. Kuik (IES); from the UK: M. Holland, C. Johnson and P. Watkiss (ETSU), N. Eyre (EEE), F. Hurley (IOM), M. Hornung and D. Howard (ITE). They must share the credit for this work, but not the blame for any errors in this paper. Acknowledgement must also be made to the European Commission, DGXII, for financial support, to Mr. Leo De Nocker for assistance with and comments on earlier drafts, and to Mr. P. Valette for his intellectual support for this project. Those interested in the full analysis should read the Report to the Commission, Markandya et al., 1996.
See Ahmad et al., 1989.
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Markandya, A., Milborrow, I. (1999). Green Accounting in China: The Role of Damage Estimation. In: Lanza, A. (eds) Resources Accounting in China. Fondazione Eni Enrico Mattei (FEEM) Series on Economics, Energy and Environment, vol 12. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4836-8_2
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