Forest

Concept of Forest Accounts in SEEA-CF

Forests are at the centre of many environmental and economic issues including climate change, biodiversity protection, tourism, soil erosion, stability of water cycles etc. Forest accounts provide a framework in this context to capture the economic contribution of forests and their connection with the economy.

Recognizing the fact that timber is a prime economic resource, SEEA-Central Framework prescribes the compilation of physical asset accounts for forest and other wooded land (the term ‘forests’ would be used to refer to ‘forest and other wooded land’ in the rest of this chapter for the sake of simplicity) in ....