§ Mr. Simon HughesTo ask the Chancellor of the Exchequer if he will make a statement on the contribution the Central Statistical Office is making towards achieving the aim of the Earth summit relating to integration of environmental factors and costs into the national accounts; and if he will make a statement.
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§ Mr. NelsonIn June this year, the United Nations Conference on Environment and Development proposed that member states should establish integrated economic and environmental accounts, in parallel to existing national accounts, at the earliest possible date. The Central Statistical Office published an article examining the theory behind such integration, with illustrative statistics, in the November 1992 issue of "Economic Trends". Developing such integrated accounts will be a difficult task, not least because of the difficulty of putting monetary values on environmental factors.