Green Accounting: The Way to Economic Sustainability

Perrings, C.; Vincent, J. R.

doi:10.4337/9781035352562.00006

Green Accounting: The Way to Economic Sustainability

Authors: Perrings, C., Vincent, J. R.

Journal: International Journal of Advanced Economics and Sustainable Development (IJAESD), ISSN 2766-2659

Citation: IJAESD 1(1), 2020-11-15.

DOI: 10.4337/9781035352562.00006

PDF: Download full-text PDF

Type: Original Research

Abstract

The emergence of green accounting began in 1992 in the United States of America. This was as a result of the concerns of the external stakeholders. The stakeholders understood that the prevention of pollution would not be adopted as the primary choice of environmental management by firms and industries until the costs of non-preventive methods and the economic values of the prevention of pollution could be seen by managers and business decision-making bodies. Green accounting considers environmental resources and vicissitudes in them, it integrates the result into the system of national account thus providing quality information, which serves as a foundation for planning and making policy for integrated sustainable development and by extension, growth of the nation. Nations of the world mine and drill natural resources not regarding the impact it leaves on the environment.

Keywords

Green Accounting, Sustainable Development, Economic Sustainability, Environmental Pollution Authorship Dr. Egiyi, Modesta Amaka 1, Alio, Florence 2 1 Department of Accountancy, Godfrey Okoye University 2 Department of Accountancy, University of Nigeria, Enugu Campus

Published by Academic Ink Review Journal. Open Access under CC BY 4.0.