Hostname: page-component-586b7cd67f-gb8f7 Total loading time: 0 Render date: 2024-11-20T08:44:19.718Z Has data issue: false hasContentIssue false
  • English
  • Français

Sustainability accounting and green accounting

Published online by Cambridge University Press:  01 February 2000

ROBERT D. CAIRNS
ROBERT D. CAIRNS
Affiliation:
Department of Economics, McGill University, 855 Sherbrooke St. W., Montreal, Canada, H3A 2T7, Phone (514) 398–3660, Fax (514) 398–4938, e-mail [email protected]
Get access Rights & Permissions [Opens in a new window]

Abstract

Theoretical issues arising in maximin and utilitarian programs are considered in order to shed light on the merits of various concepts of income and types of environmental accounting as guides for environmental policy. The accounting prices for sustaining an economy obey Hartwick's rule but are inconsistent with the principles of national accounting. Moreover, they would be formidably difficult to calculate. Green net national product is an approximate index of welfare in a utilitarian economy which maximises future discounted utility flows. These conclusions hold even if underlying conditions are non-autonomous.

JEL Codes: Q3, E2

Keywords

green accountingsustainabilityHartwick's rulestationary equivalent consumptionHicksian IncomeFisherian Income
Type
Research Article
Information
Environment and Development Economics , Volume 5 , Issue 1 , February 2000 , pp. 49 - 54
Copyright
© 2000 Cambridge University Press

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

I thank Brian Copeland, Ngo Van Long, Jeff Vincent, Yang Zhao and three referees for helpful comments on earlier drafts, and FCAR for financial support.