Open Access

Peter Bartelmus

• Sustainable development is the globally embraced paradigm for integrating environment and development policies. Agreement ends with attempts at operationalizing the elusive notion of sustainability. A contentious debate among "environmentalists" and "environmental economists" has brought about a confusing proliferation of indicators and policy advice on sustainable development. Greening the monetary national accounts could moderate the debate by generating concepts and indicators which translate environmental concerns into the language of widely used economic variables. The implementation of sustainable growth and development requires more. "Eco-nomic" instruments of environmental cost internalization need to be combined with environmentalSustainable development is the globally embraced paradigm for integrating environment and development policies. Agreement ends with attempts at operationalizing the elusive notion of sustainability. A contentious debate among "environmentalists" and "environmental economists" has brought about a confusing proliferation of indicators and policy advice on sustainable development. Greening the monetary national accounts could moderate the debate by generating concepts and indicators which translate environmental concerns into the language of widely used economic variables. The implementation of sustainable growth and development requires more. "Eco-nomic" instruments of environmental cost internalization need to be combined with environmental legislation and regulation. Such reconciliation of environmental and economic policies should be supported by a "social compact" between government and civil society. The sustained implementation of sustainable development depends on it.…