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Monday, 9 September 1996
Page: 3813

(Question No. 394)


Dr Lawrence asked the Minister representing the Minister for the Environment, upon notice, on 17 June 1996:

(1) Do Government environment policy statements refer to "green accounting", if so, what is the Minister's definition of "green accounting".

(2) Will the Minister ensure that green accounting is reflected in the 1996-97 Budget; if not, why not.


Mr Warwick Smith —The Minister for the Environment has provided the following answer to the honourable member's question:

(1) The "Saving Our Natural Heritage" policy statement in the reference to green accounting confirms the Government commitment to the development of a national accounts structure which incorporates environmental values. The statement indicates that the development of "green" accounts will have priority in the Australian Bureau of Statistics' (ABS) forward work program.

In the context of this work environmental accounting is defined as an integrated information system that links environmental and resource issues to the well established set of national accounts.

(2) Work on environmental accounts being undertaken by the ABS is extremely complex and will involve wide consultation with stakeholders to ensure the appropriate use of the most suitable data and the compilation of those component accounts which are of greatest use. Based on overseas experience the project will take many years. A progress review of achievements is scheduled for the latter part of the 1998-99 financial year. For these reasons "green accounting" practices will not be employed in the 1996-97 Budget.