ABSTRACT

Chapters 5 through 11 have looked at relatively detailed components of the environmental accounts, considering how the SEEA addresses key issues of importance to policymakers, environmentalists, economists, and other players in the environmental arena. This chapter considers how the SEEA addresses the big picture. It examines the modifications of the conventional macroeconomic indicators sought by conventional and ecological economists and explains how the SEEA deals with them. In particular, it shows the extent to which the SEEA cannot make the desired modifications because they are not compatible with the SNA. The last chapter, therefore, considers a range of proposed measures to supplement the conventional SNA indicators; these measures go beyond both the SEAA and the SNA to capture welfare or sustainability rather than output.