What is Green HDP?

Green GDP is an attempt to measure economic growth compared to environmental damage. This is done by deducting the costs of environmental and environmental damage caused by a gross domestic product or HDP for some time. As a result, the damage caused by the environment as a whole is proven to the equation to provide a clearer idea of ​​the consequences of the economic growth. Unfortunately, green GDP may be difficult to measure due to the problems that are connected when attempting to quantify the costs of environmental and environmental damage. These concerns are often not taken into account when measuring the power of the economy. The gross domestic product, which is a measurement of consumption and production and country, is not intended to include these environmental problems. As a result, Green GDP was in the forefront of the effort to marry economic and environmental concerns.

Basic essence of the problem that with the calculation of the greenGDP tries to solve, is what exactly is the cost of economic growth in terms of quality of life in this area. For example, a factory that maintains an excellent production schedule will certainly increase GDP in the country in which it is located. If this factory is too polluting air in the process, the economic growth it encouraged is somewhat negative damage to the environment.

One way to try to solve Green HDP is this problem by deducting the cost of environmental damage from the total GDP nation. These costs may come in terms of sources that have been exhausted by production, which may include Mojerals, soil, forests and water, among other things. As a result, companies that use production techniques that maintain the environment will be more advantageous for this measurement.

In addition, green GDP also takes into account any money damage caused by the environment in terms of pollution. You may be difficult to insert into hard numbers, which makes this exercise more approximatelyou than the accurate calculation. Production pollution may not appear in the environment for years and the price tag on the amount can only be a rough estimate. Nevertheless, figures give economists and environmentalists something specific in demonstrating the negative effects of consumption and production.