Integrated Environmental Economic Accounting for Sustainable Development: An Application in NCT-Delhi

N Ramakrishna, K Sribalakameswari, M Srinivas Rao and Suresh Chandra Babu

The IUP Journal of Journal of Environmental Economics, 2007, vol. V, issue 3, pages 54-68

Abstract: Natural resources such as air, water, land and biota are key resources available for the development of human society. Given their rapid decline and degradation, it is becoming essential that natural resource management is given due importance in the policies and plans of economic development at all levels—from national to regional/urban levels. Natural Resource Accounting (NRA) is a prudent method by which the status of environmental resources can be accounted for, which is akin to economic income accounting capturing economic development. This paper highlights the potential use of the NRA framework for preparing Integrated Environmental Economic Accounts (IEEA) in the National Capital Territory (NCT)-Delhi, which would then become an appropriate tool for decision-making for the sustainable development of the region. Such outputs of IEEA also provide some insights into resources status and importance, which, in turn, are useful in laying down appropriate policies for their conservation, management and development.

Date: 2007

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Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjee:v:05:y:2007:i:3:p:54-68

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