We consider the question of how to integrate carbon emissions in comprehensive national accounts for the purpose of indicating whether countries' development is sustainable. We derive an expression for national saving which includes not only the national effect of current global emissions, but...

The notion of ‘sustainable development’ was introduced on the political agenda by the World Commission on Environment and Development through its report (WCED, 1987), also called the Brundtland Report. Since the publication of the Brundtland Report the notion of sustainability has been used...