20 Feb '12, 3pm

Award-winning scientist latest to attack environmental damage caused by GDP metric

Countries must move beyond tracking economic growth using measures of gross domestic product (GDP) and incorporate environmental and social dimensions into a new measure of wealth if they are to avoid an escalating series of climate, biodiversity and poverty crises. That is the view of 20 former winners of the Blue Planet Prize, sometimes dubbed the "Nobel Prize for the environment", in a new paper to be presented to government ministers at a meeting of the UN Environment Programme (UNEP) in Nairobi, Kenya, later today. FURTHER READING Gore: ignoring carbon risks repeat of sub-prime mortgage crisis UK to lead on green accounting at Rio+20 The group will also call for the removal of fossil fuel subsidies, worth an estimated $409bn a year globally, as well as the end of support for traditional transportation and agricultural methods that do not account for their environmenta...

Full article: http://www.businessgreen.com/bg/news/2153669/environmenta...

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