From the Desk of Chairman

Environment Accounting : Part 13 - 39
environmet accounting

Energy security is a prime concern for most of the developing countries, as it is a key contributor to economic growth. India is no exception. Hydropower has certain intrinsic characteristics that make it an ideal means not only to secure energy needs but also to address various environmental and many other issues, such as irrigation, flood control, navigation. India, in this regard, is bestowed with a vast potential of hydropower that only needs to be tapped judiciously. Recognizing the significance of this pertinent natural resource, the Government of India has initiated several legislative measures and policy programs to successively deploy the hydropower resource in order to achieve demand supply balance and fulfill its goal of ‘Power for All’ as also to address relevant environmental problems.

The ‘Special Feature’ in the current issue of WISTA : Environment Accounting deals with the hydropower potential of India, its advantages, impediments in deriving full benefits of the environment-friendly resources, and the initiatives India is implementing to promote and develop hydropower.

Environment accounting is a specialized aspect of management. It concerns cost of inputs like raw materials, energy, water, and other natural resources, and also relates to waste and effluent management. However, these costs are not always monetary, these also include environmental impacts. Environment accounting, therefore, also indentifies, analyses, and tries to reduce environmental costs in a manner that benefits both the business and environment.

The ‘Perspective’ covers the relevance and importance of environment accounting and the necessity of businesses to regularly report on their environmental performance across processes, products, and services, as also with regard to satisfying legal obligations.

The ‘Case Study’ deals with GE’s Annual Report 2010 and the Company’s achievements pertaining to eco-efficiency, and its stress on “do more with less”. It also relates the organization’s environmental and social performance.

The other features covered include: In Focus; Accounting for Air, Water, Waste; Legal Scene, Energy Scene; Green & Noteworthy; Experts Converge; and knowledge Spreads.

We welcome comments and suggestions.

Dr. K V Swaminathan


Mr K N Julka - Sr Res Fellow
Mr Suresh Kumar - Joint Director
Mr D. P. Singh- Jt Director
Mr S S Kalra - Director

This publication aims at disseminating information on pertinent developments in its specific field of coverage. The information published does not, therefore, imply endorsement of any product /process / producer or technology by WITT.