Home >  Term: environmentally-adjusted net capital formation (ECF)
environmentally-adjusted net capital formation (ECF)

1. Net capital formation of fixed capital and changes in inventories minus imputed environmental cost of depletion and degradation; 2. An alternative definition, sometimes termed Net Capital Accumulation includes also discoveries or transfers (from the environment to the economy) of natural resources and their natural growth. Negative ECF is considered as an indicator of non-sustainable economic performance and growth.

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