Natural Resource Accounting

Natural Resource Accounting is a method that tracks the economic value of a country’s natural resources, such as forests, water, minerals, and biodiversity. It treats these resources like financial assets, recording their value and how they are used over time. This helps governments and organizations understand the true wealth of a nation, make informed decisions about resource management, and assess the sustainability of their usage. By integrating natural resources into national income accounts, it highlights the importance of conservation and responsible management for long-term economic health and environmental sustainability.