Environmental accounting and green GDP – UGC NET Question

Statements A, B and C are in fact correct as they describe how environmental accounting and green GDP attempt to incorporate environmental factors into economic assessment. Traditional GDP does ignore many environmental costs, and green GDP seeks to correct for these. Statement D is incorrect because environmental accounting provides important information for policy and planning. Since option C includes B, C and D and leaves out A while accepting D, it cannot be the correct answer. The correct combination must include A, B and C only.

Option A:
Option A is correct because it lists A, B and C and excludes D. It highlights the conceptual and practical significance of environmental accounting and green GDP in making development assessments more environmentally informed. Thus, it matches the intent of the question.

Option B:
Option B is incorrect because it omits C, which explicitly refers to green GDP adjustments, an important part of the concept. Leaving out such a central statement makes the combination incomplete.

Option C:
Option C is incorrect as it includes D, which wrongly asserts that environmental accounting is irrelevant for decision making. This contradicts the rationale behind developing such accounting systems.

Option D:
Option D is incorrect because it pairs A and C with D and omits B. It again accepts D, the incorrect statement, and fails to acknowledge the limitations of traditional GDP captured in B.