Term:
Natural patrimony accounting
Definition:
Natural patrimony accounting is a French accounting system that attempts to include all components of nature that can be quantitatively or qualitatively changed by human activity (Theys, 1989).
It includes the description of non—renewable resources, environmental media and living organisms of ecosystems, agents that may affect natural assets and systems, and impacts of human beings on nature, both in monetary and in physical terms
Domain:
Environment
Source:
OECD Glossary