Environmental-economic accounting

Environmental-economic accounting (EEA) helps us understand the condition of our environment and its relationship with our economy.   Natural capital accounts integrated with socioeconomic data give decision-makers a fuller picture of how to optimise social, economic and environmental outcomes and appropriately minimise the risk of degradation.

There are currently many EEA pilots being carried out across Australia’s lands and oceans, testing how this accounting method can work in practice. Several pilots are in Queensland, adding to our knowledge of natural capital and its value and contributing to the development of national accounts.

• Environmental-economic accounts, using the System of Environmental-Economic Accounting--Ecosystem Accounting
• (SEEA-EA) framework, were piloted in the Mitchell River catchment.
• CSIRO has developed experimental ecosystem accounts for the Flinders, Norman and Gilbert River catchments.
• two demonstration projects are looking at measuring and accounting for the benefits of restoring coastal blue carbon ecosystems in Queensland.

Environmental Economic Accounting Strategy and Action Plan

Read the Environmental Economic Accounting Strategy and Action Plan