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The Green Accounts approach is an environmental accounting system that integrates environmental resources and ecological costs into national and regional economic accounts. Traditional systems of national accounting, such as Gross Domestic Product (GDP), measure economic growth based mainly on the value of goods and services produced. However, they often ignore the depletion of natural resources, environmental degradation, and pollution caused during economic activities. The Green Accounts approach attempts to overcome these limitations by incorporating the value of natural capital and environmental services into economic accounting, thereby providing a more realistic measure of sustainable development. The concept of Green Accounts emerged from the recognition that natural resources such as forests, rivers, wetlands, minerals, biodiversity, and clean air contribute significantly to economic development and human well-being. When these resources are overexploited or degraded, the economy incurs hidden ____ ______ ________ _______ _________.
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