Source · Select Committees · Environmental Audit Committee
Recommendation 59
59
Paragraph: 297
Economic models that do not value nature and ecosystems cannot address climate change and biodiversity...
Conclusion
Economic models that do not value nature and ecosystems cannot address climate change and biodiversity loss. GDP is a well-established measure of economic activity, but as Professor Dasgupta has highlighted, by itself it is not an adequate way to assesses the UK’s economy. GDP does not account for the depreciation of the natural environment. We are encouraged by the innovative work of the ONS to develop measures and frameworks beyond GDP.
Paragraph Reference:
297
Government Response
A response document is linked to this report, dated 30 September 2021. Response attribution to this conclusion has not been verified. Read the response document ↗