SUSTAINABLE MANAGEMENT OF COASTAL WETLANDS IN THE PHILIPPINES: AN EXPLORATION OF ACCOUNTING FOR SUSTAINABILITY

Abstract

This article explores the possibility of reducing mangrove degradation in the Philippines, and enhancing attempts to obtain wetland sustainability, through the introduction of an environmental accounting system based on the opportunity cost of mangrove development. Problems relating to this form of ecological accounting are recognised; however, it is argued that it is better to attempt such an accounting, erring on the side of caution with respect to the environment, than to ignore the issue of mangrove degradation through a fear that any monetary accounting will subvert the conservation process. Following a discussion of the costs of conversion caused by development, the article considers the case for introduction of an assurance bond for developers as part of a Rubensteinian accountability mechanism. It is concluded that although an environmental accounting scheme has much to offer there are other hurdles to overcome before improved accountability for mangrove development can be facilitated in practice.

Citation

Burritt, R.L. and Salamanca, A. (1995), "SUSTAINABLE MANAGEMENT OF COASTAL WETLANDS IN THE PHILIPPINES: AN EXPLORATION OF ACCOUNTING FOR SUSTAINABILITY", Asian Review of Accounting, Vol. 3 No. 2, pp. 41-57. https://doi.org/10.1108/eb060658