This paper discusses the policy uses, and limits, of three key concepts for defining 'environmentally adjusted' macro-economic indicators for a national economy. The first is change in the system boundary, an enlargement of the scope of national economic accounting to include natural assets;...

This paper describes work on environmental accounts at Eurostat. Areas of work include asset accounts for forests, subsoil resources, land and water; NAMEA emission accounts; economy-wide material flow accounts; accounts for environmental expenditure and taxes, environment industry and...