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Taiwan Posts Debit of NT$74.32B. in Green Accounting in 2012

Feb 12, 2014 | By CENS

In 2012 Taiwan witnessed a loss of NT$74.32 billion (US$2.48 billion) in natural resource depletion referring to profits derived from excessive exploitation of groundwater, gravel and mining resources as well as environmental quality degradation referring to maintenance and treatment costs in preventing air, water, and waste pollutions, according to the Green Accounting compiled by the Directorate General of Budget, Accounting & Statistics (DGBAS).

The said loss reportedly equaled to the construction cost of one and one-third Taipei 101 skyscraper. Compared to 2011, the loss referring to excessive exploitation of oil and gas reserves increased by nearly 10% to NT$19.4 billion (US$646.67 million) in 2012, a new 7-year high.

In 2012 the annual growth of Taiwan's Green Accounting stood at 2.71%, exceeding its economic growth of 1.48% in the same year and implying the reduction in environmental pollution and the improvement in the efficient use of resources. Besides, the ratio of such loss to the island's GDP dropped to 0.53% from 2005's 0.76%. (JL)

Debit Entries to Taiwan's Green Accounting 2005-2012       Unit: NT$B.
Year
Loss caused by natural resource depletion
Loss caused by environmental quality degradation
Total
2005
19.554
70.159
89.713
2006
18.575
70.118
88.693
2007
18.578
69.163
87.741
2008
18.073
66.175
84.248
2009
17.602
61.339
78.941
2010
18.193
61.611
79.804
2011
17.686
57.874
75.56
2012
19.385
54.942
74.327
Source: DGBAS


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