Giving GDP a needed ecological companion

3 years ago
Anonymous $-9GJQVHNr8

https://www.sciencedaily.com/releases/2020/06/200609144502.htm

In this week's interdisciplinary journal -- Proceedings of the National Academy of Sciences, an international group of scholars show that gross domestic product (GDP) fails to fully capture nature's contributions to economic activity and human well-being. In addition to the D -- domestic, there needs to be an E for ecosystem. Gross ecosystem product (GEP) summarizes the economic value of nature's contributions to humans.

Valuing nature's contribution globally is a critical step to affording the world's forests, grasslands, fertile soils, wetlands and biodiversity the protections and respect given to traditional economic powerhouses.