resource accounting


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Natural resource accounting is an accounting system that deals with stocks and stock changes of natural assets, comprising biota (produced or wild), subsoil assets (proved reserves), water and land with their aquatic and terrestrial ecosystems. It is frequently used in the sense of physical accounting as distinguished from monetary (environmental) accounting. (Source: Glossary of Environment Statistics, Studies in Methods, Series F, No. 67, United Nations, New York, 1997)

  • Natural capital is defined as the stock of natural assets that provide society with renewable and non-renewable resources and a flow of ecosystem services, the latter being the benefits that ecosystems provide to people. It includes abiotic assets (e.g. fossil fuels, minerals, metals) and biotic assets (ecosystems that provide a flow of ecosystem services). The biotic component of natural capital is defined as ecosystem capital (European Commission, 2013)

Other relations

  • resource accounting (ECOLEX)
  • natural resource
  • accounting mechanism
  • environmental-economic accounting
  • environmental asset
  • ecosystem value
  • ecosystem capital
  • natural capital

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