FREE IGNOU BPAG-174 SOLVED ASSIGNMENT 2023-24

6. Green Accounts Approach: The ‘green accounts approach’ refers to a method of economic accounting that integrates environmental considerations into traditional national accounting systems. It involves measuring and valuing the natural resources and environmental assets of a country alongside its economic activities.

Green accounts aim to provide a comprehensive picture of a nation’s economic performance that considers both economic growth and environmental sustainability. These accounts include various components such as natural resource stocks, ecosystem services, pollution and waste, and environmental expenditures. By incorporating environmental information, the green accounts approach helps policymakers and stakeholders make informed decisions that balance economic development with environmental conservation and sustainable resource management.