EU STRATEGY ON ENVIRONMENTAL ACCOUNTING
DRAGAN CRISTIAN
Constanta Maritime University, Romania
ABSTRACT
Improved environmental accounting is increasingly seen by corporate managers and environmental advocates alike
as a necessary complement to improved environmental decision-making within the private sector. This paper develops
an economic approach to the evaluation of environmental accounting's benefits and derives the value, and determinants,
of improved accounting information in several production and capital budgeting contexts. Using concepts from
managerial economics, finance, and organizational theory, the analysis identifies the types of environmental accounting
improvement that are most likely to yield significant financial and environmental benefits.
Keywords: environmental accounting, Economic and Financial Affairs Directorate, Eurostat.