Question:

a) Environmental accounting is an important tool for understanding the role played by the natural environment in the economy. Briefly discuss two crucial factors on which successful work on environmental accounting depends.

b) As an environmental consultant and while highlighting EMS as being a good management tool leading to a sustainable tourism industry clearly explain the design and implementation process that is required for a tourism company to implement an EMS - ISO 14001.

c) "Deciding upon environmental performance metrics can, in many cases, be not much more than a translation of regulatory requirements." Critically discuss this statement.