ABSTRACT
This chapter gives an overview of the GREEned National STAtistical and Modelling Procedures (GREENSTAMP) Project which, during 1994–1996, developed results and recommendations concerning empirically and theoretically robust methods for greening national accounts. The research project set out initially to resolve a set of methodological and practical problems with identifying and quantifying environmental costs, consisting of environmentally defensive expenditures and avoidance costs. In the cost-effectiveness perspective, the value of environmental assets and services is not estimated in monetary terms directly. The intuitive idea of an environmentally adjusted national income figure is quite simple. It is an estimate of the level of that a national economy would be able to achieve while simultaneously respecting the environmental quality and resource husbandry requirements for sustaining welfare levels in the long term. The delivery of an ecological welfare base through assuring maintenance of critical environmental functions and amenity. The delivery of an economic welfare base through production of economic goods and services.
