Green Domestic Product?

Green Domestic Product?

July 13, 2012 Project Syndicate By Bjorn Lomborg

SANTIAGO – One of the recurrent themes at the United Nations’ spectacularly unsuccessful Rio+20 summit in June was the need to change how we measure wealth. Many argue that we must abandon our “obsession” with Gross Domestic Product and develop a new “green” accounting standard to replace it. In fact, doing so could be a serious mistake. GDP is really just an account of the market value of all goods and services. This sounds like a good indicator of wealth, but, as is frequently pointed out, it includes things that do not make us richer and leaves out things that do. (...) Read it online

31 Jul 2012

Published by

Project Syndicate