Component 11: Social expenditure to compensate for negative environmental impacts (costs of avoidance and repair)
This component covers the expenditures for environmental protection by the public and private sector. Both current expenses and investments are considered (in prices of 2010).
Description and meaning of the component
The expenditures for environmental protection are deducted because they compensate for earlier negative externalities of economic and human activities.
Development of the component
Social expenditure to compensate for negative environmental impacts