Q. Which one of the following statements best describes the term ‘Green GDP’?

[A] It is the measure of forests and green spaces in the territory of the country in monetary terms and adding it to the traditional GDP figures

[B] It is calculation of the loss of biodiversity in monetary form and subtracting resource depletion from the traditional GDP figures

[C] It is the measure of growth in green investments both domestic and foreign.

[D] All of the above

Answer: B
Notes:
  • Green GDP means that it accounts the monetized loss of biodiversity, costs caused by climate change. 
  • Green GDP is conventional gross domestic product figures adjusted for the environmental costs of economic activities. It’s a measure of how a country is prepared for sustainable economic development. 

Source- Article 

Blog
Academy
Community