A Comparative Study, Volume 2
The Fondazione Eni Enrico Mattei series on Economics, the Environment and Sustainable Development
Edited by Anil Markandya and Marialuisa Tamborra
This book presents the results of the project GARP II (Green Accounting Research Project), an EU-funded project (Contract No. ENV4-CT960285) ﬁnished at the end of 1998. GARP II is the follow-up of a previous research project (GARP I), whose results were published in Markandya and Pavan (1999), Green Accounting in Europe: Four Case Studies, Kluwer Academic Publishers). Both projects used the methodology developed under the series of ExternE projects, known as Impact Pathway Analysis, to calculate damage accounts to be used in a green accounting framework. GARP II broadens the scope of pollutants analysed and – more importantly – goes beyond the case study approach used in GARP I where country results were presented: it illustrates results in a comparative way across diﬀerent countries. Moreover, results here are attributed to sources of pollution, so that damages can be reported not only in aggregate but also in terms of where they originate from. This allows one to draw important conclusions on sectoral policies. This volume therefore can be considered as a second volume that follows the ﬁrst publication by Markandya and Pavan (1999). The ideas raised in this book are reﬁned and explored further in a followup project, called GREENSENSE, that looks not only at welfare eﬀects, but also at sustainability issues. Completion of this book took longer than expected mainly because both of us were called by new challenges: Anil was appointed as advisor at the World Bank in Washington and Marialuisa moved to the European Commission – Directorate General...