ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Measuring Natural Capital

The paper provides the rationale for ecosystem accounting and suggests ways to operationalise it. Through the example of selected states - Gujarat, Jammu and Kashmir, Kerala, Rajasthan and West Bengal - it demonstrates application of the concept. The physical extent of change has been estimated for the period of 1991-2001. The loss of the inland wetland for this period comes to around 0.46 million ha during this 10-year-period. By applying the benefit transfer method, the monetary value of the annual physical loss in the inland wetland for the combined five states has been estimated to be $1,022 million at 1999-2000 prices. The paper estimates the per capita loss for the states. The maximum loss on per capita basis is for J&K ($221 and 11% of the state domestic product) while that for the combined states is $11.57. The paper attempts to suggest that ecosystem accounting is a required step towards developing the indicator for sustainable development, also referred to as the "green economy".

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top