Definition: Remedial costs

System of Environmental-Economic Accounting

Remedial costs are incurred when production has already ceased with no provision having been made for the taking of remedial action while production was in progress.

Source:
United Nations; European Union; Food and Agriculture Organization of the United Nations (FAO); International Monetary Fund (IMF); Organisation for Economic Co-operation and Development (OECD); The World Bank, "System of Environmental-Economic Accounting 2012 - Central Framework", New York, 2014

Created:
2015-08-05

Updated:
2019-05-10