Environmental Accounting and Auditing and Eco mark

Environmental accounting is the identification, measurement and allocation of environmental costs, the integration of these environmental costs into business decisions, and the subsequent communication of the information to a company's stakeholders. Auditing environmental is essentially an environmental management tool for measuring the effects of certain activities on the environment against set criteria or standards. Eco mark is a certification mark issued to products conforming to a set of standards aimed at the least impact on the ecosystem. The paper has reviewed the environmental drawbacks associated with hydropower projects. It is amply clear that regulatory actions by pollution control agencies alone cannot restore the environment to its pristine state. Pro-active and promotional roles should also be geared up in harmony with the overall environmental protection strategy. The time has come for consumers to take the lead in prompting manufacturers to adopt clean and eco-friendly technologies and environmentally-safe disposal of used products, along with preventive and mitigate approaches. These are also discussed in the paper.