Application of Environmental Accounting on Subsoil Assets: The Case Study for the Czech Republic

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Authors :
M. Ščasný

This case study discusses different methods of accounting for subsoil assets in the Czech Republic. The paper implements three different accounting methods: 

  • A material flow analysis is applied to assess the share and development of extracted and imported subsoil assets of the entire material inputs and consumption of the Czech Republic covering the period 1990-2002.

  • A classification of environmental assets with emphasis on subsoil assets (as used in SNA-1993/ESA-1995 and SEEA-2003). The current accounting practices for subsoil assets in the Czech Republic are described, with special attention being paid to reserves of hard and brown coal.

  • The valuation of assets and depletion, including quantification methods for resource rents used by the SEEA-2003. It discusses a possible internalisation of depletion, considering mainly currently applied levies on extracted materials and taxes on coal in the Czech Republic.

The authors conclude that data availability does not present an obstacle for this type of analysis and suggest that future research should address the distribution of the total resource rent between, for example, raw materials and coal, coal and other energy-producing materials, and energy-producing and non-energy-producing materials.

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Country :
Czech Republic
Themes :
Key search term :
natural capital
economic valuation of natural capital
natural capital accounting
natural capital depletion

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