Green GDP
In April of 1994, the Department of Commerce Bureau of Economic
Analysis (BEA) announced its economic-environmental accounting
framework, or "Green GDP," -- an effort initiated by the President in
his Earth Day 1993 remarks. Natural resources and environmental
quality are important productive assets that must be preserved in a
healthy economy. Just as the economic ledger includes an entry for
depreciation of plant and equipment, an entry should also be made to
record the degradation of natural assets. Recording the full range of
these costs, or the value of investing in environmental improvement,
provides a clearer picture of the nation's wealth and a measure of
sustainable income.
![[Clickable Image]](/White_House/images/bottom_banner.gif)
feedback@www.whitehouse.gov