Measuring and Accounting for Environmental Public Goods : A National Accounts Perspective.

Format:

Book

Author/Creator:

Muller, Nicholas Z.

Contributor:

Fenichel, Eli P.

Bohman, Mary.

Series:

National Bureau of Economic Research Studies in Income and Wealth Series

Language:

English

Subjects (All):

Natural resources--Accounting--Congresses.

Natural resources.

Natural resources--United States--Congresses.

Environmental economics--United States--Congresses.

Environmental economics.

Genre:

Conference papers and proceedings.

Physical Description:

1 online resource (272 pages)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 2025.

Summary:

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-- Provided by publisher.

Contents:

Introduction / Nicholas Muller, Eli Fenichel, Mary Bohman

Incorporating air and water pollution into the National Income and Product Accounts / Maureen L. Cropper, Youngjoon Park

Measuring for the future, not the past / Matthew Agarwala, Diane Coyle, Cristina Peñasco, Dimitri Zenghelis

Comment / Nicholas Muller

Tracing sustainability in the long run : genuine savings estimates 1850-2018 / Eoin McLaughlin, Cristián Ducoing, Les Oxley

Comment / Stefanie Onder

Microdata and the valuation of natural capital / Jonathan Colmer, John Voorheis

Comment / Corbett Grainger

The value and configuration of coastal natural capital / Ethan T. Addicott

Comment / Justin C. Contat

Accounting for environmental activity : measuring public environmental expenditures and the environmental goods and services sector in the United States / Dennis Fixler, Julie L. Hass, Tina Highfill, Kelly Wentland, Scott Wentland

Comment / David A. Evans

Natural capital accounting on forested lands in the United States : an application to the Colorado River Basin / Travis Warziniack, Ken Bagstad, Michael Knowles, Christopher Mihiar, Arpita Nehra, Charles Rhodes, Leslie Sanchez, Christopher Sichko, Charles B. Sims

Comment / Andie Creel

Natural capital considerations for an extension of the US Marine Economy Satellite Account / Jeffrey Wielgus, Monica Grasso, Charles Colgan, Jennifer Zhuang, Sarah Siegel, Joseph Conran, Tadesse Wodajo

Comment : Andrew M. Scheld.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9780226839363

0226839362

OCLC:

1511101066