Urgent need for ‘green accounting’ and ‘green GDP’, says expert

Pointing out that the cost of damage to the environment is put at Rs 34,0000 crores per year and it reduces the GDP by 9.5 percent annually, Dr. S. Janakarajan, President of SaciWATERs, Hyderabad, emphasised the need for ‘green national accounting’.

“Is development possible without making compromises on our environment?” he asked while initiating a discussion on the topic, ‘Environmental Accounting: Concepts & Concerns’, at Observer Research Foundation, Chennai Chapter, on 23 June 2018.

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