Financial Management Call for Need-Based Structured Environment Accounting Standards‪.‬

Abstract Humankind has inherited a US$ 3.8 billion--year store of natural capital. At present rates of use and degradation, there will be little left by the end of the next century. This is not only of aesthetics and morality, it is of the utmost practical concern to society and all people. Though valuing natural capital is a difficult and imprecise exercise; none the less, several recent assessments have estimated that biological services flowing directly into society from the stock of natural capital are worth at least US$ 36 trillion annually which is close to the annual gross world product of approximately US$ 39 trillion, according to Hawkin--A. Lovins--H. Lovins' research studies. If natural capital stocks were given a monetary value, assuming the assets yielded interest of US$ 36 trillion annually, the world's normal capital would be valued at somewhere between US$ 400 trillion and US$ 500 trillion.