Banco Central de Costa Rica

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Environmental Accounts

 

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The Banco Central de Costa Rica (BCCR) has compiled the first Costa Rican Environmental Accounts for Water, Forest and Energy. With these accounts, the physical and economic value of natural resources, as well as their relevance for national wealth, can be quantified in an integral manner. They likewise generate a series of indicators to analyze the supply and uses of natural resources and their interactions with various economic activities in the country, contributing to decision making in public policies.

 

The System of Environmental-Economic Accounting (SEEA) is the international statistical standard officially recognized in 2012 as an internationally validated conceptual framework to measure interactions between the economy and the environment. There is a direct relationship between the SEEA and the System of National Accounts of 2008 (SNA). The SNA is the main source of concepts, definitions and accounting norms on which the SEEA is based. It is a satellite accounting system which revolves around the SNA foundations. The SEEA includes the Energy, Water, Fishery Resources, Land and Ecosystems, and Agricultural sub-systems.

 

The development of the first accounts has been carried out with support from the World Bank through the WAVES (Wealth Accounting and Valuation of Ecosystem Services) initiative. In addition, support was received from a National Excecutive Committee (CDN) made up of the Ministry of Environment and Energy (MINAE), the Ministry of Finance (MH), the Ministry of National Planning and Economic Policy (MIDEPLAN) and the National Institute of Statistics and Censuses (INEC).

 

The Banco Central de Costa Rica (BCCR) has created an Area of Environmental Statistics in its Economic Division which will continue to prepare Environmental Accounts, which will be updated and published every year.

 

Statistical tables and working documents with the first results of the accounts are published in this site. This information will be useful for designing policies and strategies for sustainable development in areas such as energy management and water resources, monitoring of forests and their services, and their interrelation with the economy.

 

Environmental Accounts Presentation

 

Press release - Environmental Accounts Update 2017

 

 Región de Acordeón

Water Accounts

The water accounts available for Costa Rica show the interaction of the economy with the environment in terms of the use of water for human consumption and for incorporation into the different productive processes.

 

The accounts include supply and use tables in physical and monetary terms, which show the different uses of water within the economy.  They also include an asset account which accounts for changes in the country's stock of internal renewable water resources. From these tables a sequence of accounts and key indicators are derived as tools to support decision making processes related to the integral management of the water resource.

 

Type

Title

Publication Date

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2012 Water Accounts 

30/05/2016  

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2012-2015 Water Accounts 

14/10/2017 

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Water Accounting for Decision Making 

13/06/2016 

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2012 Water Accounts 

13/10/2017 

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2013 Water Accounts 

13/10/2017 

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2014 Water Accounts 

13/10/2017 

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2015 Water Accounts 

13/10/2017 

Forest Accounts

The forest accounts available for Costa Rica serve as an information tool to contextualize the state of the country's forest assets by providing a technical mechanism for decision-making processes. For example, the land cover matrices incorporated in the forest accounts are useful to understand the changes in forest cover through time, as well as to determine where those changes originated and their corresponding transformation. This type of analysis allows for improvements in forest development planning (with potential co-benefits in land-use planning) and for better management of the resource in the long term.

 

Additionally, the forest accounts allows to elucidate the use of the forest as a commercial asset. The structure of the account directly shows forests as input suppliers for the production of intermediate and final products.

 

Energy Accounts

The energy accounts available for Costa Rica focus on the use of energy in physical terms according to the different economic activities responsible for its use, allowing to identify relative energy intensities and variations in energetic efficiency.

 

The accounts show the use of primary energy (directly retrieved from natural resources) and secondary energy (energy products offered by other economic sectors) in a combined way, accounting for their use one time only: when the energy is consumed.

 

From the physical energy use account, the carbon dioxide (CO2) emissions account is calculated, showing the emissions generated by the consumption of energy products in each economic activity. These emissions are presented in gross terms; thus, emission reductions generated by other activities in an equivalent way are not recorded in this account.

 

 Type

Title

Publication Date

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2011-2015 Energy Accounts 

13/10/2017  

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2011-2013 Energy Accounts 

30/05/2016 

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2011-2015 Energy Accounts 

13/10/2017 

 

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