This paper considers the problem of how a government, having decided to reduce greenhouse gas emissions, identifies the policy or mix of policies that achieves this reduction at the lowest possible net economic cost. This involves accounting for the fact that each potential policy for reducing...

This paper reports the results of a four country project (GARPII) on aspects of green accounting, namely the estimation of damages to air and water. The countries covered are Germany, Italy, Netherlands and the United Kingdom. It follows an earlier project covering the same countries, which was...

This paper examines the theoretical foundations of Green National Accounting, noting that their assumptions have led to green national income measuring welfare-based income, which is not necessarily equal to sustainable income. We review two major approaches to estimating green accounting: the...

This paper analyses the inter-generational bargain in terms of how people seek to invest for the wellbeing of future generations, relating the inter-generational bargain to the concept of sustainable development. We consider aspects of wellbeing that are not marketed, such as environmental and...