green GDP

n. a reconciliation of a nation’s economic record with its environmental record. Subjects: English, Environment, Money & Finance

Etymological Note: GDP = Gross Domestic Product.

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Citations: 1990 Michael McCarthy The Times (London, U.K.) (Apr. 30) “Government may have to make ‘green’ reports to the United Nations”: The commitments…include environmental systems of national accounting to show “green GDP” as well as the merely financial balance sheet, a determined campaign on energy efficiency, and a public commitment to “reduce the harmful effects of the transport sector.” 1994 J. Steven Landefeld, Carol S. Carson Survey of Current Business (Apr. 1) “Integrated Economic and Environmental Satellite Accounts” p. 33: Work on the natural resources satellite accounts was given added impetus and extended in scope in 1993 when President Clinton, as part of his April 21 Earth Day address, gave high priority to the development of “Green GDP measures [that] would incorporate changes in the natural environment into the calculations of national income and wealth.” 2004 Xinhuanet (China) (Apr. 2) “China’s “green GDP” index facing technology problem, local protectionism”: The “green” GDP, considered an echo of China’s newly raised “scientific concept of development,” requires adjusting the traditional national GDP to account for the degradation of both natural resources and environment.

Posted 30 Apr 04 | Permalink | Tell a Friend