Green Gross Domestic Product

Green Gross Domestic Product (Green GDP) is an index of economic growth with the environmental consequences of that growth factored in.

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In 2004, Wen Jiabao announced that the green GDP index would replace the GDP index itself in personnel decisions of the Communist Party of China.

Related Topics:
Wen Jiabao - GDP - Communist Party of China

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Statisticians caution that a 'Green GDP' is fraught with methodological problems; in particular, monetizing the loss of biodiversity or the impacts of climate change caused by carbon dioxide emissions is highly controversial, and published results differ by orders of magnitude.

Related Topics:
Biodiversity - Climate change

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Most environmental experts prefer physical indicators (such as "waste per capita" or "CO2 emissions per year"), which may be aggregated to indices such as the Ecological Footprint or a "Sustainable Development Index" as calculated by the Dashboard of Sustainability.

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Further reading with a brief explanation of Green GDP.

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