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ENVIRONMENTAL ISSUES AND SUSTAINABILITYCASE STUDY OF THE INDUSTRIAL SECTOR IN WEST BENGAL


Basic Metals, Coke and Refined Petroleum Products, Chemicals and Chemical Products, Food Products, Textiles, Electrical Equipment, and Non-Metallic Mineral Products are the primary manufacturing industries of West Bengal. Apart Engineering, autos, and pharmaceuticals are some of the other prominent businesses. Ceramics, paper, glass, leather, and software electronics and information technology are some of the materials used in the industry. In the state, natural resources, policy incentives, and infrastructure promote investments in significant industries including iron and steel, biotechnology, coal, leather, jute goods, tea, and information technology Jewellery and gems Climate conditions that are favourable for the cultivation of tea and jute have resulted in West Bengal is a major hub for these and associated products and businesses. The majority of these units are in Kolkata.

Kolkata's urban agglomeration, as well as adjacent industrial locations like as Haldia. The accounting of resources with respect to the Industrial sector of West Bengal is being done taking into account two vital resources – water and air. The industrial green account will be a valuable economic tool as it has the potential to provide an insight into the impact of industrial activities on the environment and their subsequent effect on human welfare. This could contribute to major decisions which have to be taken to check environmental degradation and redesign resource use in appropriate manner and, therefore, help in managing sustainable development.


The issue of sustainable development in poor nations is to dig deeper into the visible and invisible factors impeding the cause of a green economy - improving living standards while taking into account resource consumption and environmental effect. Environmental indicators assessed by sector can help to reflect the realities of economic development and growth. Traditional national income accounting (SNA) or Gross Domestic Product (GDP) cannot be used as a complete indicator of sustainable development because it only considers the changing stock and flow of man-made capital, not natural capital such as land, water, air, or forest, and its depleting stock as a result of current economic activities. A never- ending search for the correct indication to serve as a sustainable development signalling mechanism.


All developing countries are focusing on constructing a "Green Economy," which entails improving human well-being and social fairness while also lowering environmental dangers and ecological scarcity.

The issue of underdeveloped countries' long-term development is to consider the cause of the green economy, which is to raise the standard of life while doing so responsibly. The utilisation of resources and the influence on the environment are both taken into account. The indications of long-term sustainability development must be chosen in such a way that they represent economic reality. The traditional national income accounting (SNA) or Gross Domestic Product (GDP) cannot be used as a complete indication of long-term development since it only considers the changing stock and flow of man-made capital, not natural capital, land, water, air, forest, and other forms of capital, as well as the depletion of its stock as a result of their use economic activity currently taking place.


A statistics system known as the System of National Accounts has been defined. a year-by-year compilation of the nation's expenditures and revenue (2004). It is made up of a set of macroeconomic indicators that are consistent, logical, and integrated, based on a set of universally agreed-upon ideas, accounts, balance sheets, and tables accounting rules, definitions, and classifications. Green accounting evolved as one of the various indicators of sustainability as part of a continuous endeavour to establish the proper indicator as an adequate signalling mechanism for sustainable development. The proper estimation of natural assets would aid in the evaluation of Stock and flow are two different things.

Sustainability can be a useful instrument for policy development and monitoring implementation. In light of the shift in focus from the Millennium Development Goals, From Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs), the problem has gained traction. The agenda 3 (dealing with excellent health and well-being) is one of the seventeen SDG agendas. Agenda (clean water and sanitation), and Agenda 7 (affordable housing) are all on the table. Agenda 11 (which deals with responsible consumption and production) and Agenda 12 (which deals with climate change).

Agenda 13 (which deals with climate change) is especially essential. These natural resources can be accounted for in a variety of ways, sector-by-sector or region-by-region assessment of natural resources, or an overall gross assessment of the resource.


However, good quantification requires input from the ground up level, in order to identify the various stakeholders involved in the process and their roles in the process, management of natural resources to ensure their long-term viability Natural resources, sometimes known as natural resources, Capital is similar to man-made capital, and resource accounting will be in accordance. It is necessary to increase the rate of capital production, i.e., the generation of natural capital, while decreasing the rate of deterioration. to arrive at a net value, must be deducted. Environmental accounting is a way to calculate total wealth and track changes over time a probable sign of long-term viability as a result, greening the books or generating the GDP adjusted for the environment can be used to create an indicator that can help countries plan for the future.

Green accounting was chosen as an adequate indicator, and study into how to proceed with resource accounting began around the world. SNA added a satellite to the mix in 1993. Environmental-economic accounting is the basis for this account. In addition, the UN published a manual on national accounting, titled Integrated National Accounting. Accounting for the Environment and Economy Following the release of the Integrated System, several industrialised and developing countries use Environmental and Economic Accounting (SEEA). Countries have tried many several approaches to environmental accounting implementation. Following a broad consultation process, an updated edition of this Handbook was developed. The need of the moment is to opt for a sustainable living by changing various policies but also to sustain our resources and the environment.


Reference:

Garg, Amit, Bhattacharya, Sumana, Shukla, P.R., Dadhwal, V.K., (2001): Regional and Sectoral

Assessment of Greenhouse Gas Emissions in India, Atmospheric Environment, Vol. 35/15, pp. 2679-

2695. Government of India, Ministry of Water Resources, 2004-05: Annual Report. Information Systems

Organisation Water Planning & Project Wing Central Water Commission, (2002): Water and Related

Statistics.

Green Accounting for Sustainable Development: Case Study of Industry Sector in West Bengal

Maniparna SyamRoy1, Ashutosh College, Kolkata, India.

http://www.mospi.nic.in/sites/default/files/reports_and_publication/NSS_Journals/jr4_6_1March2017.pdf


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Veronica nabam

Research Intern,

The Stambh Organisation,India

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