The Council of the European Union announced on Tuesday that it has adopted new regulations to enhance the measurement of the environment’s contribution to the economy.
According to a press statement, the move is aimed at bolstering the EU’s efforts to achieve its ambitious climate and environmental goals.
The amended regulation will expand the scope of the EU’s common statistical system, incorporating forest accounts, ecosystem accounts and environmental subsidy accounts.
This approach will provide more detailed and comprehensive data to support the European Green Deal and monitor progress toward environmental objectives.
The new account modules will provide valuable insights into the extent and condition of ecosystems and the services they provide to society and the economy.
It will monitor the size of forest areas, the availability of timber, and changes over time, as well as the resources allocated to support green initiatives and protect the environment.
Member states will begin reporting data on these new modules to the European Commission’s statistical office, Eurostat, in 2025 and 2026.
To make environmental data more accessible, the EU will launch a new statistical data portal. This portal will summarize critical indicators and data from the environmental economic accounts, providing a user-friendly platform for policymakers, researchers and the public.
The European Commission will also publish regular reports on climate change mitigation, including investment data. Additionally, the Commission may propose legislation introducing three more account modules: energy subsidies, climate change adaptation and water.
By strengthening its environmental accounting system, the EU aims to make informed decisions, track progress toward sustainable development and ultimately build a greener and more resilient future.
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