HL.b.7—Environmental accounting

Use environmental accounting.

Environmental accounting records natural-resource stocks, depletion and environmental costs alongside conventional economic activity.

GDP may rise after forest clearance, while a natural-capital account records the loss of timber stock and flood protection.

Ask what stock changed, what service was lost and whether the account avoids double counting.

Key idea: Use environmental accounting.

Adding a number does not remove uncertainty or create consensus about value.