A new environmental accounting system has been developed to analyse the interrelations between production and consumption, and the related impact at a global level. The booklet, recently published by Compiling and Refining Environmental and Economic Accounts (CREEA), suggests that the countries in which consumption takes place should take responsibility for the environmental impacts caused abroad. Read more…
CREEA is one of the projects funded by European Union’s Seventh Framework Programme for Research. CREEA’s main goal is to refine and develop economic and environmental accounting principles in the project’s priority areas – waste and resources, water, forest and climate change.
The booklet presents 43 country factsheets, each revealing ‘footprints’ for carbon, water, land and material consumption. Simple indicators such as carbon dioxide, methane and nitrous oxide were used to compile the environmental footprint of final consumption in the countries covered. The analysis uses the latest version of EXIOBASE, a supply-and-use or input-output database, to provide thorough detail for the sectors, products, emissions and resources for all of the countries covered.
The booklet also features a number of comparative analyses, including how environmental pressures correlate to gross domestic product, Human Development Index and the population of a country. These comparisons also indicate how countries could achieve a good quality of life with a limited environmental footprint – the analysis highlights economies that have a high quality of life and good GDP, while having a limited environmental footprint.
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