Beyond GDP through Inclusive Wealth: Tackling the planetary crisis better
Concern is growing around the use of conventional indicators, notably GDP, to assess the progress of nations. GDP and other short-term indicators lead decision-makers to favor policies with benefits today over those focused on long-term sustainability. While short-term growth as measured by improvements in conventional indicators has long been the focus of governments, leaders increasingly recognize the need to ensure well-being for both the present and future generations. The recent policy brief by the UN Secretary-General invited member states to move beyond GDP by measuring what truly matters for sustainability and prosperity.
This session at the Seventh GEF Assembly will explore the experience of recent applications of expanded wealth framework to complement GDP. Based on the global inclusive wealth frameworks implemented by the UN Environment Programme, the framework complements GDP by measuring the assets that underpin well-being in all its forms: economic, environmental, and social. Partner organizations, IDRC and UNEP, understand the framework's utility and are working with IISD to implement it using country data and expertise. The session will share lessons learned from developing expanded wealth measures and their relevance for policymaking.
Opening and context setting
Bhim Adhikari, International Development Research Centre
Expended Wealth measures: national estimates and policy relevance
Rob Smith, International Institute for Sustainable Development
Reflections from Inclusive Wealth Report (IWR) 2023
Doreen Lynn Robinson, United Nations Environment Programme
Questions and comments
IISD at Adaptation Futures 2023
IISD will take part in several events at the Adaptation Futures 2023 conference in Montreal, Canada.
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IGF 19th Annual General Meeting
This event will focus on sharing mining benefits in the energy transition. It will be held in-person on November 7–9, 2023 in Geneva, Switzerland.
2023 Investment Policy Forum
The 15th Investment Policy Forum will be held in Panama City, Panama, from October 25 to 27, 2023. The event is organized by the International Institute for Sustainable Development (IISD) and hosted by the Government of Panama.