Home > Term: materials and energy balances
materials and energy balances
Accounting tables that provide information on the material input into an economy delivered by the natural environment, the transformation and use of that input in economic processes (extraction, conversion, manufacturing, consumption) and its return to the natural environment as residuals (wastes). The accounting concepts involved are founded on the first law of thermodynamics, which states that matter (mass/energy) is neither created nor destroyed by any physical process.
- Part of Speech: noun
- Industry/Domain: Environment
- Category: Environment statistics
- Company: United Nations
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- J.Small
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