1. The SEEA revision Key issues and outcomes Mark de Haan

2. SEEA revision - key issues and outcomes 1 Content presentation 1.SEEA main building blocks 2.Revision issues 3.Implementation

3. SEEA revision - key issues and outcomes 2 1. Revised SEEA 1.Standardised accounts Physical flow accounts Monetary accounts (e.g. EPEA,EGSS, Taxes) Asset accounts (physical and monetary) 2.Experimental ecosystem accounts 3.Applications and policy uses

4. SEEA revision - key issues and outcomes 3 Physical flow accounts (Chapter 3) (extended) Supply-use tables in physical units Supply-use identity Input-output identity Materials (kg), Energy (j) and Water (m 3 ) Coverage of flows Natural inputs Product flows Residuals (waste, emissions to air and water)

5. SEEA revision - key issues and outcomes 4 Monetary accounts (Chapter 4) Environmental protection expenditures Environmental goods and services sector Other environmentally related transactions Taxes Subsidies (and similar transfers) Permits to use environmental assets Tradable emission permits Assets related transactions, terminal and remedial costs

6. SEEA revision - key issues and outcomes 5 Asset accounts (Chapter 5) Coverage of assets: Mineral and energy resources Land Soil resources Timber resources Aquatic resources Other biological resources Water resources Broader scope in physical terms (provide or could provide benefits) SEEA follows SNA boundary for monetary asset accounts Accounting for depletion of renewable and non-renewable resources

7. SEEA revision - key issues and outcomes 6 Asset accounts (Chapter 5) Structure physical asset accounts

8. SEEA revision - key issues and outcomes 7 2. Revision issues A few examples:‘those of interest from NA point of view’ Valuation of natural resources Resource rents, NPV calculations Market based alternatives (catch entitlements) Accounting for depletion Resource rent = depletion + income element Renewables (maximum sustainable catch) Split ownership and reallocation of depletion element Industrial processing 2008 SNA ‘net’ recording not applicable to physical flows Tradable emission permits Payment of rent or tax: does SEEA recognise the underlying asset? If a tax what should be the preferred recording in SEEA?

9. SEEA revision - key issues and outcomes 8 3. Implementation Common subset of SEEA accounts? Environmental issues may differ between regions (particularly developed versus developing countries) International harmonised implementation will certainly strengthen the use of accounts (in stead of loose indicator sets) Guidance OECD Green Growth strategy Chapter 3 indicators reflecting the environmental efficiency of production (Chapter 3) Chapter 5 indicators of the natural asset base (Chapter 5) SEEA – Ecosystem accounts indicators monitoring the environmental quality of life (SEEA – Ecosystem accounts) Chapter 4 indicators describing policy responses and economic opportunities (Chapter 4)

10. SEEA revision - key issues and outcomes 9

11. 10 3. Implementation Conclusions: Common (OECD) SEEA implementation strategy seems useful Green Growth initiative provides useful guidance Priority setting building blocks: physical flow -, asset - and expenditure accounts Policy areas: e.g. climate change, air quality, resource scarcity and efficiency, biodiversity, green jobs

12. SEEA revision - key issues and outcomes 11 Thank you!