Green Accounting in Europe

Green Accounting in Europe

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

Using spatially desegregated data on measures of pollution to derive economic damage estimates, the main purpose of the book is to gauge the environmental damage sustained as a result of economic activities and to offer an insight into how the information generated can be used in conjunction with conventional economic accounts. The first few chapters review recent developments in both green accounting and pathway analysis. The book goes on to evaluate the progress made in estimating dose response functions and valuing environmental damages. The authors discuss the methodology used for the estimation of damages caused by ambient air pollution and the cost of defensive expenditures. They also present the results of the analysis and draw important policy conclusions for environmental accounting, particularly in the EU.

Chapter 16: Conclusions and Policy Recommendations

Anil Markandya and Marialuisa Tamborra

Subjects: economics and finance, environmental economics, environment, environmental economics


Anil Markandya and Marialuisa Tamborra 16.1 INTRODUCTION1 This chapter presents the conclusions from each of the principal areas of investigation. These conclusions identify how the results from the analysis can be applied in existing environmental accounting frameworks and point the way for future research initiatives and priorities. From this some recommendations for policy analysis are drawn. The conclusions on each area of investigation are broadly presented in terms of: ● ● ● ● ● replicability of the methodology in other European Union countries;2 reliability of the quantitative estimates of the environmental damages in physical and monetary terms; consistency of assessment within, and between, countries and over time; applications of the methodology and results to specific areas of policy analysis; and identified priorities for future work. The main themes that emerge from this exercise are summarised in Section 16.9. 16.2 REFLECTION ON THE METHODOLOGY: UPDATING DAMAGE ESTIMATES FOR AIR POLLUTION 16.2.1 Replicability It is necessary to ask whether the methods used here can be applied in countries other than the four selected for this study. The main issue concerns the 473 474 Conclusions and policy recommendations availability of good quality data through the analytical chain. The situation is summarised in Table 16.1. The situation across the European Union is set to improve over the next few years with respect to the availability of pollution concentration data, through the implementation of the Framework Directive on Ambient Air Quality (FDAAQ). This requires most member states to increase the number of monitoring stations, measure all pollutants...

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