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Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [ 1 ] [ 2 ] [ 3 ] The term was coined in 2005 by the South Korean Rae Kwon Chung ( de ), a director at UNESCAP . [ 4 ]
The green gross domestic product (green GDP or GGDP) is an index of economic growth with the environmental consequences of that growth factored into a country's conventional GDP. Green GDP monetizes the loss of biodiversity , and accounts for costs caused by climate change .
Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [ 23 ] [ 24 ] [ 25 ] The term was coined in 2005 by the South Korean Rae Kwon Chung ( de ), a director at UNESCAP . [ 26 ]
The gross national product (GNP) measures the welfare of a nation's economy through the aggregate of products and services produced in that nation. Although GNP is a proficient measurement of the magnitude of the economy, many economists, environmentalists and citizens have been arguing the validity of the GNP in respect to measuring welfare.
Growth of net metering in the United States Net metering is a policy by many states in the United States designed to help the adoption of renewable energy. Net metering was pioneered in the United States as a way to allow solar and wind to provide electricity whenever available and allow use of that electricity whenever it was needed, beginning ...
The unofficial GDPNow forecast from the Atlanta Federal Reserve expects economic growth in the third quarter to rise 5.8% on an annualized basis — double the rate of GDP growth from the same ...
The eco-socialist economy the Green Party of the United States wants to create is similar to the market socialist mutualist economics of Proudhon which consists of a large sector of democratically controlled public enterprises, a large sector of cooperative enterprises, and a smaller sector of small businesses and self-employed.
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]