Abstract

The authors argue that a market monetary approach to environmental management is not effective. In this regard, the article proposes theoretical background and practical recommendations for creating a global ecology management system based on the operational assessment of the current environmental impact magnitude. This system allows calculating the environmental value of products, as well as a number of key indicators of environmental performance, which are direct analogues of economic performance indicators. The proposed economic approach, based on the use of accounting methods, provides an opportunity to establish a mathematically accurate correlation between the economic and environmental results of economic and other related activities.The application of carbon emission data for selecting the “cleanest” type of generator that provides the least amount of total globally significant CO2 emissions has been analyzed as an example.

Highlights

  • The United Nations Framework Convention on Climate Change (UNFCCC) has united humankind in the transition from environmental protection to environmental management

  • Mankind has intensified the anthropogenic impact on nature and has come to the point where the understanding of responsibility for the ecosystem should be realized in concrete programme actions for its conservation

  • Attempts of previous scientific research to understand the mechanisms and possible boundaries of assimilation and management of the natural human habitat have brought the awareness that ecology is becoming more and more similar to the economy, with the only difference that it expands the boundaries of management to global and increases the number of actors involved in a single management process, up to all mankind

Read more

Summary

Introduction

The United Nations Framework Convention on Climate Change (UNFCCC) has united humankind in the transition from environmental protection to environmental management. The methodology for determining the costof the ecological efficiency of production systems set out in the standards is based on special studies of their life cycles based on statistical information It is project-specific and is not intended to continuously provide individuals, households and business communities with complete, objective and reliable information about the environmental impact of their daily activities. In order to develop and implement environmentally effective everyday solutions, a global ecology management system should be set up, based on the operational accounting of the values of current environmental impacts, the calculation of the values of the ecological cost of products, production systems, services, their environmental efficiency, as well as the time when the negative consequences of economic activity are mitigated, etc. Contrary to the existing method of institutional economic compensation for depersonalized environmental damage, the proposed adopted economic methods for environmental management makes it possible to personify the responsibility of all "contactees" and, first of all, business entities for their specific impact on the environment

Current accounting of environmental impacts
An example of generating accounting data for СО2 emissions
An example of data evaluation
Environmental Cost
Conclusions
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call