1Dr.E.Prema, 2Dr. P.R.L.Rajavenkatesan, 3Dr.S.Parthiban


Environmental accounting has assumed significance and played major role in policy and decision making and directly linked with the Sustainable Development Goals (SDG) due to the globalization, urbanization, and industrialization. In recent days, there are mushrooming companies and other organizations involved in environmental management to deal with the environmental issues and to carry out environmental conservation activities. Environmental accounting is a mechanism to supplement environmental management. There are authorities to look after the environment accounting in India such as System of Integrated Environmental and Economic Accounting etc., The purpose of environmental accounting plays a major role in identify resource use, measures and communicate costs of a company’s or national economic impact on the environment. The cost is as follows: clean up contaminated sites, fines, and taxes, buying of pollution prevention technologies and waste management costs. On the other hand, environmental sustainability is much debatable issues after the 2030 agenda for sustainable development adopted by all United Nations Member States in 2015. The For instance, Compensatory Afforestation Fund Management and Planning Authority (CAMPA) focuses on principle of ecosystem accounting which provides platform for payment of ecosystem services. The environmental accounts, on basis of CAMPA, is linked with SDG 15 for the forest ecosystem. This study focuses on environmental accounting and sustainability keeping the sustainable development in mind and also to discuss the contemporary issues of environmental sustainability on forest.

Keyword : Afforestation, Forest, Environmental accounts, Pollution, Sustainable development goals and Urbanization.

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May 25, 2024
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