The Establishment of a Gross Ecosystem Product: A Country Comparison

Silvio Andrae

Chapter 14 in Green Finance and Sustainable Development Goals, 2024, pp 369-407 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The gross ecosystem product (GEP) has been an alternative to the gross domestic product (GDP) for 70 years. Nature’s contribution to economic activity is the primary focus of the GEP. While the concept has gained rhetorical traction, it has not helped significantly change the way we treat nature. The reason lies in its lack of practical relevance. The first approaches to calculating a GEP are now emerging around the world. The UN’s “Natural Capital Accounting and Valuation of Ecosystem Services” project is part of such a GEP effort. The article analyzes the first project results for Brazil, India, and China. The comparative analysis shows which particular challenges exist in the practical implementation. GEP provides policymakers with incentives to conserve and enhance ecosystems.

Keywords: Green Finance; Financial Development; ESG Performance; Climate Change; Climate-Vulnerable Asian Countries; Environmental Disclosure in Financial Institutions; Environmental; Social; and Governance Issues in Corporate Valuation; Financing Renewable Energy; Gross Ecosystem Product; Green Banking Disclosures; Climate-Related Risks; Green Banking Disclosures; Development and Impact Analysis (search for similar items in EconPapers)
JEL-codes: Q01 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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