The green gross domestic product (green GDP or GGDP) is an index of economic growth with the environmental consequences of that growth factored into a country's conventional GDP. Ecosystem services are one example of this type of resource. Green GNP- Is an economic and environmental accounting framework which measures the national wealth by accounting for exhaustion of natural resources and degradation of environment and investment in environment support. One such alternate measure is the Green GDP. Green GNP. Green GDP is a term used generally for expressing GDP after adjusting for environmental damage.

Green economics is loosely defined as any theory of economics by which an economy is considered to be component of the ecosystem in which it resides (after Lynn Margulis).A holistic approach to the subject is typical, such that economic ideas are commingled with any number of other subjects, depending on the particular theorist. Hence, valuing these assets and including them in a national balance sheet would not make any sense. For instance, if any geographical region has a better quality of water than other regions, the people in this region are expected to live healthier and more productive lives. None of these measures characterize sustainability per se. "The Green National Product", University Press of America, c1994. For example, Environmental Satellite Accounts link measures of emissions, material use, costs of remediation and environmental taxes to measures of economic activity.

It is for this reason that the search for alternate measures has gained some momentum. This video helpful for class 12 th Economics students and also for higher competition, green GNP include cost in terms of environmental pollution and …

Green GDP is an important and current topic that is relevant to the UPSC exam. These are public goods that can be enjoyed by everyone at no cost. It has no legal backing and the participants are still free to do as they see fit.The biggest challenge facing the Green GDP is that of realistic accounting. p.10-11 "How to Measure Welfare: Some Options"Cobb Clifford, and Cobb, John. (1997) estimated the current economic value of 17 Kunte et al. Ever since the Industrial Revolution, scientists and economists have warned of an However, in "The Green National Product", Clifford Cobb and John Cobb argue that the Measure of Economic Welfare failed to encompass the depletion of Many people are calling for a green national product that would indicate if activities benefit or harm the economy and well-being. All these reports deal with the environment themes of water issues, air pollution, waste, biodiversity and environment management systems. SteamLouis September 13, 2013 .

Since we are essentially measuring the intangible, it is very difficult to estimate the monetary values associated with them. For instance, if any geographical region has a better quality of water than other regions, the people in this region are expected to live healthier and more productive lives. However, it is developing. Gross National Product. However, as we have seen both these systems are at odds with each other and it seems like there is room for only one amongst these two alternate systems. In the absence of private ownership, these assets cannot be transferred to other people and hence they would not have any value.Economic assets like oceans, mountains and forests do not have private ownership. In the face of mounting evidence that environmental damage and Independent estimates of the cost to China of environmental degradation and resource depletion have for the last decade ranged from 8 to 12 percentage points of GDP growth.The most promising national activity on the green GDP has been from India. "The Green National Product", Cobb Clifford, and Cobb, John. The country's environmental minister, Jairam Ramesh, stated in 2009 that "It is possible for scientists to estimate green GDP. It also explains whether the trend is sustainable or not. Net national product (NNP) is the total value of finished goods and services produced by a country's citizens overseas and domestically, minus depreciation.

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