This working paper details the results for both the total value of Dutch oil and gas reserves and the government appropriation of the resource rent from extraction. This is part of a larger effort by Eurostat to conduct valuations on sub-soil assets as part of their work to develop environmental accounts linked to national accounts. The methods and data presented in this paper can support both researchers and compilers of accounts for subsoil assets.
The paper arrives at the following conclusions:
- The 'Government Appropriation Method' is a valid alternative to the 'Net Resource Rent Method', especially when the data for the 'Net Resource Rent Method' are not complete or cannot be used (e.g. due to confidentiality regimes).
- The 'Government Appropriation Method' requires a careful analysis of the tax regimes applied to the natural resources under review.
- Rent calculation with the 'Net Resource Rent Method' based on national accounts data requires testing the representativity of the national accounts data for the resource extraction activity in question. Ideally, data would relate to branches of production rather than industries.
- Calculating the share of the resource rent appropriated by government is useful in itself and also required for properly calculating the values of natural assets in sectoral balance sheets.
Related Case Studies
This working paper presents the results of work by Statistics Austria on an economy-wide material balance for 1997, as well as a time series of resource use indicators such as Direct Material Inputs (DMI) and Direct Material Consumption (DMC) for 1960-1997. It is thus an essential contribution to the development of economy-wide material flow accounts and balances and can serve as an example for those wishing to implement similar analyses.
This study determines the economic value of the main ecosystem services provided by the natural resources of Bonaire, an island municipality of the Netherlands, as well as their overall importance to society. The particular challenge of this project was to deliver sound scientific insights that will guide decision-making regarding the protection of Bonaire’s ecosystems and the management of the island’s economy.
This report details the United Nations Economic Commission for Europe (UNECE) Standard Statistical Classifications for the Environment, including definitions of terms, selected national practices in estimations of air and water emissions, materials balance sheets, and a bibliography of methodological papers.
This paper analyses the planning process leading to the approval of the expansion of the port of Rotterdam project in the Netherlands against sustainability criteria. Although it shows that the directive is powerful to promote sustainable planning, the success of the case study was due mainly to elements specific to the particular planning process, namely the use of deliberative public participation mechanisms as well as specific assessment tools.