Objective To develop a practical definition of sustainable development relevant to the European Union and set out the conditions expressed in terms of the conservation of natural capital and the creation of new man made capital, for the achievement of that sustainability.Develop the policy requirements consequent upon that capital maintenance objective, for the achievement of sustainable development. The work involves the development of a rapid modified national accounting (RAMONA) procedure to enable a "quick" first assessment of "green Net Domestic Product": a measure of sustainable income taking account of the change in the value of the total asset base including natural capital. This is achieved by: i) the estimation of resource depletion within the European Union, including the reduction in the value of such finite assets as natural gas reserves and depleted renewable resources such as forests managed on a non-sustainable basis and by the valuation of that environmental damage, not covered by the depletion measure; ii) a substantial Cost Benefit type Analysis of the value of the loss of natural capital is provided by two case studies covering the Spanish Mediterranean Forest and the Wadden Sea, both including detailed valuations of a significant European ecosystem. The achievement of sustainable development is facilitated through the integration of sustainability indicators into policy analysis and revised policy appraisal procedures, possibly through the medium of sustainability consistent "shadow prices" for natural capital. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsfossil energynatural gasnatural sciencesbiological sciencesecologyecosystems Programme(s) FP3-ENV 1C - Specific research and technological development programme (EEC) in the field of the environment, 1990-1994 Topic(s) 0302 - Environmental policy and policy instruments Call for proposal Data not available Funding Scheme CSC - Cost-sharing contracts Coordinator UNIVERSITY COLLEGE LONDON Address Gower street 136 WC1E 6BT London United Kingdom See on map EU contribution No data Participants (4) Sort alphabetically Sort by EU Contribution Expand all Collapse all CHRISTIAN-ALBRECHTS UNIVERSITAET ZU KIEL Germany EU contribution € 0,00 Address Düsternbrooker weg 120 24105 Kiel See on map Other funding No data Consejo Superior de Investigaciones Científicas Spain EU contribution € 0,00 Address 26,pinar 28006 Madrid See on map Other funding No data FONDAZIONE ENI ENRICO MATTEI Italy EU contribution € 0,00 Address Corso magenta 63 Milano See on map Links Website Opens in new window Other funding No data VRIJE UNIVERSITEIT AMSTERDAM - VERENIGING VOOR CHRISTELIJK WETENSCHAPPELIJK ONDERWIJS Netherlands EU contribution € 0,00 Address De boelelaan 1115 1081 HV Amsterdam See on map Other funding No data
