Expanded National Accounts for the Environment

Laurence Bloch () and Dominique Bureau ()
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Laurence Bloch: CREST-ENSAE affiliate, Paris
Dominique Bureau: Corresponding member of the Economic Analysis Council, Paris

No 2025-17, Working Papers from Center for Research in Economics and Statistics

Abstract: We develop a framework to consistently integrate environment into the national accounts system: on the one hand, environmental assets into the asset accounts, and, on the other hand, the ecosystem services they provide, as well as the degradation or improvement of these assets linked to human activities, into the f low accounts. Based on the methodology proposed by Muller et al. (2011), we use the Pigouvian valuation of externalities: the cost (benefit) of the present and future damages (services) they generate. We specify the building of supply and use balances for these new services and the various adjustments to the different current and asset accounts. We derive adjusted synthetic indicators of economic activity and income, as well as saving, investment, and wealth. Generalized to take into account the rest of the world, this framework integrates cross-border pollution and global public goods such as climate.

Keywords: national accounts; environmental damages; externalities; global public goods; adjusted aggregates (search for similar items in EconPapers)
JEL-codes: D62 E01 H23 H40 I31 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2025-12-01
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