Loading subject…
Environmental accounting
Environmental accounting (also called green accounting) is the process of assigning economic value to natural resources, environmental degradation, and ecosystem services.
Intrinsic value
Intrinsic value refers to the worth of something independent of its usefulness to humans.
Natural capital
Natural capital refers to the total stock of natural resources (both renewable and non-renewable) that provide ecosystem services benefiting humans and the environment.
Non-use value
The value a natural resource holds independent of any direct or indirect use of it, including its intrinsic value, its potential for future use (option value), and the value of leaving it intact for future generations (bequest value).