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The basic problems of mineral resources valuation methodologies within the framework of System of Integrated Environmental and Economic Accounts

Author

Listed:
  • Galos Krzysztof

    (Professor, The Mineral and Energy Economy Research Institute of the Polish Academy of Sciences, Krakow, Poland)

  • Nieć Marek

    (Professor, The Mineral and Energy Economy Research Institute of the Polish Academy of Sciences, Krakow, Poland)

  • Saługa Piotr W.

    (Professor, AGH University of Science and Technology, Krakow, Poland)

  • Uberman Robert

    (Ph.D., Andrzej Frycz Modrzewski Krakow University, Krakow, Poland)

Abstract

Growing awareness of limits set by exhaustibility of natural resources has led to a conclusion that only through their valuation in monetary terms one may assess a comprehensive economic impact of their use. Thus mineral resources have been included from the beginning to almost all studies regarding natural resources assessments. The first result, widely recognized by international community, of researches came in the 1993 – edition of the “Handbook of National Accounting: Integrated Environmental and Economic Accounting”. One of the key outcomes of these works was a conclusion that measuring value of mineral resources for mineral raw materials production, alongside with physical flows of these materials, environment related transactions and measuring impact of the economy on the environment, should make basic pillars of this newly designed system, later named as the System of Integrated Environmental and Economic Accounts (SEEA). As implementation of SEEA is still in a primary stage, many methodological issues remain unsolved. This article attempts to enumerate achievements made so far and indicate issues in need for further development.

Suggested Citation

  • Galos Krzysztof & Nieć Marek & Saługa Piotr W. & Uberman Robert, 2015. "The basic problems of mineral resources valuation methodologies within the framework of System of Integrated Environmental and Economic Accounts," Gospodarka Surowcami Mineralnymi / Mineral Resources Management, Sciendo, vol. 31(4), pages 5-20, December.
    • Handle: RePEc:vrs:gosmin:v:31:y:2015:i:4:p:5-20:n:2
    DOI: 10.1515/gospo-2015-0034
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    References listed on IDEAS

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