Policy-makers and experts have stressed the importance of more sustainable measurement of growth if Europe is to achieve its environmental goals.
The most important job in the next five years is “to change the growth paradigm” to put the world on a sustainable path, said Connie Hedegaard, who finished her term as the EU’s climate commissioner last month.
Economic institutes including the OECD and the World Bank now agree that a more long-term strategy for measuring economies is required, but politicians have so far not supported this, she argued. She was commenting on efforts to develop a better indicator of economic performance, the so-called ‘GDP plus’.
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