Saturday, February 11, 2012

[biofuelwatch] UK to press for global green accounting system

UK to press for global green accounting system

Britain will be pressing for governments everywhere to adopt "green accounting", formally putting a value on environmental assets such as forests as much as on economic output, at a major world conference on sustainable development to be held in Brazil in June.
Caroline Spelman, the Environment Secretary, will be spearheading an initiative to get all countries to move from statements of their Gross Domestic Product, or GDP, to national accounts based on "GDP-plus", which would involve assessing the balance of their "natural capital", such as the ecosystems that provide everything from oxygen and water to flood defences, seemingly for free.
The British Government has already taken the first steps down this road and hopes to have a full set of its own "GDP-plus" national accounts by 2020.

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Biofuels are a wide range of fuels which are in some way derived from biomass.

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