Green GDP: the Goal of the Future Economic Health

Abstract

At present, the most widely used composite index for measuring economic growth in the world is GDP and its growth rate, but this composite index does not fully emphasize the importance of climate and environment, while green GDP focuses on economic development while also paying attention to the protection of the natural environment. In order to establish a green GDP accounting system and test whether the green GDP system can alleviate climate change, this paper considers the impact of natural resource depletion and environmental pollution, selecting data from 23 countries, using EWM and CVM for calculation, and obtaining The resource and environment index RNI finally determines the accounting system of green GDP. In order to study the relationship between the green GDP system and climate change, this paper develops a GGDP-climate change coupling model, and the chi-square independent test is used for the correlation between GGDP and climate change. Pearson's contingency coefficient (C) is used for to determine how close the correlation is, the Spearman correlation coefficient is used to determine the direction of the correlation. The study found that GGDP has the effect of slowing down the deterioration of global climate.