Accounting for liabilities related to ecosystem degradation

Introduction: A growing belief that accounting can and should play a role in halting and reversing degradation of ecosystems is leading to conceptual and methodological developments that recognize the cost of degradation, attribute the cost to the entities responsible and assure that entities can’t...

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Autores principales:	Sue Ogilvy, Roger Burritt, Dionne Walsh, Carl Obst, Peter Meadows, Peter Muradzikwa, Mark Eigenraam
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2018
Materias:	Ecosystem accounting liabilities degradation sustainability sustainable development goals (SDG) Ecology QH540-549.5
Acceso en línea:	https://doaj.org/article/f38b0ef79e9b49ccafc56d58d97c0bea
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spelling	oai:doaj.org-article:f38b0ef79e9b49ccafc56d58d97c0bea2021-12-02T14:12:26ZAccounting for liabilities related to ecosystem degradation2096-41292332-887810.1080/20964129.2018.1544837https://doaj.org/article/f38b0ef79e9b49ccafc56d58d97c0bea2018-11-01T00:00:00Zhttp://dx.doi.org/10.1080/20964129.2018.1544837https://doaj.org/toc/2096-4129https://doaj.org/toc/2332-8878Introduction: A growing belief that accounting can and should play a role in halting and reversing degradation of ecosystems is leading to conceptual and methodological developments that recognize the cost of degradation, attribute the cost to the entities responsible and assure that entities can’t ignore the economic burden associated with it. Outcome: Demonstration accounts prepared around a scenario where agricultural use of land includes an obligation to maintain ecosystem condition. The accounts are compliant and coherent with both the international accounting standards for individual entities and the United Nations’ System of Environmental-Economic Accounting. Discussion: Accounting for liabilities for ecosystem degradation demonstrates that, where the liability reflects the lost economic value of the ecosystem, the accounts communicate a reduction in the total net worth of the economy and a redistribution of net worth away from the party responsible for the degradation. The inclusion of both liabilities for degradation and the cost of degradation does not lead to double-counting the economic impact of degradation. Conclusion: Accounting principles and frameworks encourage greater accountability for entities responsible for ecosystem condition by providing greater visibility of the economic cost to individual entities, governments and nations.Sue OgilvyRoger BurrittDionne WalshCarl ObstPeter MeadowsPeter MuradzikwaMark EigenraamTaylor & Francis GrouparticleEcosystem accountingliabilitiesdegradationsustainabilitysustainable development goals (SDG)EcologyQH540-549.5ENEcosystem Health and Sustainability, Vol 4, Iss 11, Pp 261-276 (2018)
institution	DOAJ
collection	DOAJ
language	EN
topic	Ecosystem accounting liabilities degradation sustainability sustainable development goals (SDG) Ecology QH540-549.5
spellingShingle	Ecosystem accounting liabilities degradation sustainability sustainable development goals (SDG) Ecology QH540-549.5 Sue Ogilvy Roger Burritt Dionne Walsh Carl Obst Peter Meadows Peter Muradzikwa Mark Eigenraam Accounting for liabilities related to ecosystem degradation
description	Introduction: A growing belief that accounting can and should play a role in halting and reversing degradation of ecosystems is leading to conceptual and methodological developments that recognize the cost of degradation, attribute the cost to the entities responsible and assure that entities can’t ignore the economic burden associated with it. Outcome: Demonstration accounts prepared around a scenario where agricultural use of land includes an obligation to maintain ecosystem condition. The accounts are compliant and coherent with both the international accounting standards for individual entities and the United Nations’ System of Environmental-Economic Accounting. Discussion: Accounting for liabilities for ecosystem degradation demonstrates that, where the liability reflects the lost economic value of the ecosystem, the accounts communicate a reduction in the total net worth of the economy and a redistribution of net worth away from the party responsible for the degradation. The inclusion of both liabilities for degradation and the cost of degradation does not lead to double-counting the economic impact of degradation. Conclusion: Accounting principles and frameworks encourage greater accountability for entities responsible for ecosystem condition by providing greater visibility of the economic cost to individual entities, governments and nations.
format	article
author	Sue Ogilvy Roger Burritt Dionne Walsh Carl Obst Peter Meadows Peter Muradzikwa Mark Eigenraam
author_facet	Sue Ogilvy Roger Burritt Dionne Walsh Carl Obst Peter Meadows Peter Muradzikwa Mark Eigenraam
author_sort	Sue Ogilvy
title	Accounting for liabilities related to ecosystem degradation
title_short	Accounting for liabilities related to ecosystem degradation
title_full	Accounting for liabilities related to ecosystem degradation
title_fullStr	Accounting for liabilities related to ecosystem degradation
title_full_unstemmed	Accounting for liabilities related to ecosystem degradation
title_sort	accounting for liabilities related to ecosystem degradation
publisher	Taylor & Francis Group
publishDate	2018
url	https://doaj.org/article/f38b0ef79e9b49ccafc56d58d97c0bea
work_keys_str_mv	AT sueogilvy accountingforliabilitiesrelatedtoecosystemdegradation AT rogerburritt accountingforliabilitiesrelatedtoecosystemdegradation AT dionnewalsh accountingforliabilitiesrelatedtoecosystemdegradation AT carlobst accountingforliabilitiesrelatedtoecosystemdegradation AT petermeadows accountingforliabilitiesrelatedtoecosystemdegradation AT petermuradzikwa accountingforliabilitiesrelatedtoecosystemdegradation AT markeigenraam accountingforliabilitiesrelatedtoecosystemdegradation
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Accounting for liabilities related to ecosystem degradation

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