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BEQUEST BENEFIT

Statistics Directorate    
Definition:
Bequest benefits are derived from the continued existence of elements of the environment because they may one day provide benefits for those yet to be born.

Context:
An example of these types of benefits is that derived from maintaining a rain forest to protect future sources of genetic material for drugs or hybrid agricultural crops.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank , 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 7.37.

Statistical Theme: Environmental statistics

Created on Monday, July 04, 2005

Last updated on Wednesday, November 30, 2005