THE IMPORTANCE OF CALCULATING GREEN GDP IN ECONOMIC GROWTH OF A COUNTRY – CASE STUDY ALBANIA
Journal Title: International journal of ecosystems and ecology science (IJEES) - Year 2019, Vol 9, Issue 3
Abstract
Gross Domestic Product (GDP) or Gross National Product (GNP), are commonly used to determine the economic performance of a whole country or region, to make international comparisons and to measure the produced output but they ignore the ingredients needed to generate such output like water and air. So, there is a general consensus that these indicators, (especially) according to the concepts of sustainable development and green growth, appear to be poor measurements. Environmental sustainability of economic growth has come to be recognized as one of the most important pillars of sustainable growth and development. Green GDP is an Index, an alternative indicator of economic growth that incorporates environmental consequences of that growth by including the depletion of natural resources and degradation of the environment, so it takes into consideration the environmental impacts on the productivity of the country. Taking in consideration that the main purposes of Green GDP accounting are used to provide a more correct measure of welfare and to examine the sustainability of the economy, we used this indicator to give our opinion for the importance of calculating Green GDP in the economic growth of Albania. We use the general scheme of calculation where the first deduction in GDP presents the costs of CO2 pollution (as CO2 emissions times carbon market price), second the opportunity costs of one tone of waste that could be used in the production of electrical energy), and a third is the adjusted savings of natural resource depletion as a percentage of the gross national income per country. Hence, we try to build an alternative Green GDP indicator that can give a clearer perspective on the consequences of economic progress by offering a new approach in quantifying the cost of ecological and environmental degradation in Albania. Not only will it evaluate the real costs of environmental damage, but it will also process some opportunity costs in Albania Case.
Authors and Affiliations
Flora Merko, Esmeraldo Xhakolli, Henrieta Themelko, Florjon Merko
Keywords
Related Articles
- EP ID EP612852
- DOI 10.31407/ijees9308
- Views 88
- Downloads 0
THE SCIENTIFIC ARGUMENT CONCERNING THE ESTABLISHMENT OF MIXED NATURAL MONUMENT IN THE REPUBLIC OF MOLDOVA
The paper presents the results of an ecosystemic study, with assessment of the quality and the interaction of biotic and abiotic components from the hydrographic basin of the River Cereșnovăț. On the base of field and la...
LABORATORY SCALE ELIMINATION OF SOME HEAVY METALS WITH HOLLOW ALUMINOSILICATE SPHERES
This examination aims to eliminate venomous heavy metals in wastewater using hollow aluminosilicate spheres. The chemical and physical parameters of hollow aluminosilicate spheres were investigated. The effects of contac...
AN EXAMINATION OF MEASURING AND CONTROL SYSTEMS IN AN INDUSTRIAL BIOGAS PLANT IN TURKEY
As an alternative method to the classical energy productions, the concept that energy can be consumed where it is produced has been successfully applied today to minimize the increasing energy costs and use more efficien...
EVALUATION OF THE PREVALENCE OF LOWER LIMB AMPUTATION AND ITS RELATED FACTORS IN DIABETIC PATIENTS ADMITTED TO KHATAM-OL-ANBIA HOSPITAL IN SHOUSHTAR DURING THE 2015-2016: A RETROSPECTIVE STUDY
Background: Diabetes is the most common endocrine disorder. Among the complications of diabetes, the likelihood of a diabetic suffering from foot lesions is high, with more than 15% of these ulcers ultimately leading to...
A SNOW DEPTH ANALYSIS FOR THE NEXT GENERATION OF GLOBAL PREDICTION SYSTEMS
Information on snow depth is a primary input to NOAA’s operational numerical weather prediction (NWP) models. Current NOAA’s National Centers for Environmental Prediction (NCEP) operational NWP models rely on snow depth...