Environmental Valuation and Green Accounting for the future

Joshi, K K and Vinod, K (2015) Environmental Valuation and Green Accounting for the future. In: International Conference on Biodviersity and Evaluation: Perspectives and Paradigm Shifts, 2-3 December 2015, Sree Sanakra College, Kalady.

KK Joshi_Environmental Valuation and Green Accounting_Proceedings_Sreesankara_2015.pdf

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    Environmental valuation is the process of expressing a value for a particular good or service in a context of decision making usually in terms of money or numbers. It's also considered to be a measure or indices of social, biological, ecological and demographic status of the system. Marine and coastal ecosystems provide a wide range of services include the provisioning services, regulating services, cultural services and supporting services. Food provisioning in the form of fisheries catch, aquaculture, ornamentals and bio prospecting is the most vital services from this system. The Total Economic Value of (TEV) consists of use values and non-use values. The use value includes direct use value, indirect use value, and option value, whereas the non-use value is the existence and bequest value. Three approaches are used in the valuation techniques: Slated preference (contingent valuation and choice modelling); Revealed preference (market price, cost-based, production, travel cost); Benefit transfer. The overexploitation of resources, degradation of the ecosystem will directly affect the food security and employment of the coastal population and have an indirect effect on the regional and national economy. To address these issues, environmental valuation is considered to be one of the effective tools for the Scientists and Managers. The green accounting refers to efforts to modify the national income accounts from which GDP and GNP are calculated, to incorporate use and depletion of natural resources. Stocktaking and dimension are the backbone of green and social accounting. The Global Reporting Initiatives (GRI) and International Organization for Standardization (ISO 14000) are the two frameworks developed for social and green accounting. The green accounting has applications in large scale and small scale business organizations. Development and implementation of green accounting will be a challenging issue for the companies coming in the years ahead. It is an interdisciplinary framework includes several magnitudes and divisions of environmental accounting. It needs a sound environmental policy, environmental accounts and their recording and training of the future practitioners to provide technical and legal basis of green auditing. The Kyoto protocol of the Convention on Biological Diversity (CBD) is a legal binding agreement with the developing countries and developed nations designed to reduce six greenhouse gases that are believed to contribute to global warming. The Kyoto Protocol is an environmental accounting in action on an international scale

    Item Type: Conference or Workshop Item (Paper)
    Uncontrolled Keywords: Environmental valuation, Green auditing, Ecosystem services, ISO 14000, Total Economic Value
    Subjects: Marine Ecosystems > Coral Reefs > Conservation
    Divisions: CMFRI-Kochi > Biodiversity
    Subject Area > CMFRI > CMFRI-Kochi > Biodiversity
    CMFRI-Kochi > Biodiversity
    Subject Area > CMFRI-Kochi > Biodiversity
    Depositing User: Arun Surendran
    Date Deposited: 22 Jan 2016 05:38
    Last Modified: 22 Jan 2016 05:44
    URI: http://eprints.cmfri.org.in/id/eprint/10613

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