Title: Adjusted macroeconomic indicators to account for ecosystem degradation. An illustrative example
Citation: ECOSYSTEM HEALTH AND SUSTAINABILITY vol. 5 no. 1 p. 133-143
Publication Year: 2019
JRC N°: JRC114430
ISSN: 2096-4129 (online)
URI: https://www.tandfonline.com/doi/full/10.1080/20964129.2019.1634979
DOI: 10.1080/20964129.2019.1634979
Type: Articles in periodicals and books
Abstract: Adjusting macroeconomic indicators to account for the depletion and degradation of natural capital has long been viewed as a way to show the linkages between nature and the economy and foster more sustainable paths of development. Here, we show how the SEEA Experimental Ecosystem Accounts (SEEA EEA), can be used to develop environmentally adjusted macroeconomic indicators. More specifically, we show how an enlargement of the production boundary towards the consideration of ecosystems as institutional units allows to develop a Net Value Added metric that reflects depreciation and degradation of the natural capital assets. This measurement could be useful for policy making: the linkage of ecosystem services to economic activities allows the accounting of loss, repair and substitution of natural capital and thus formulating and monitoring environmental policies.
JRC Directorate:Sustainable Resources

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