The spreading of urban areas and the growth of human population worldwide raise societal and environmental concerns. To better address these concerns, the monitoring of the acoustic environment in urban as well as rural or wilderness areas is an important matter. Building on the recent development of low cost hardware acoustic sensors, we propose in this paper to consider a sensor grid approach to tackle this issue. In this kind of approach, the crucial question is the nature of the data that are transmitted from the sensors to the processing and archival servers. To this end, we propose an efficient audio coding scheme based on third octave band spectral representation that allows: (1) the estimation of standard acoustic indicators; and (2) the recognition of acoustic events at state-of-the-art performance rate. The former is useful to provide quantitative information about the acoustic environment, while the latter is useful to gather qualitative information and build perceptually motivated indicators using for example the emergence of a given sound source. The coding scheme is also demonstrated to transmit spectrally encoded data that, reverted to the time domain using state-of-the-art techniques, are not intelligible, thus protecting the privacy of citizens.