The Application of Green GDP and Its Impact on Global Economy and Environment: Analysis of GGDP based on SEEA model

TL;DR

This paper analyzes the use of Green GDP (GGDP) based on the SEEA model to evaluate its effects on climate change and economic development, highlighting its advantages over traditional GDP.

Contribution

It develops a GGDP model incorporating environmental factors and employs grey analysis to assess its global economic and environmental impacts, providing new insights into sustainable growth.

Findings

Replacing GDP with GGDP can reduce CO2 emissions.

GGDP adoption may boost economies in developing countries.

It significantly decreases resource depletion and population growth in the US.

Abstract

This paper presents an analysis of Green Gross Domestic Product (GGDP) using the System of Environmental-Economic Accounting (SEEA) model to evaluate its impact on global climate mitigation and economic health. GGDP is proposed as a superior measure to tradi-tional GDP by incorporating natural resource consumption, environmental pollution control, and degradation factors. The study develops a GGDP model and employs grey correlation analysis and grey prediction models to assess its relationship with these factors. Key findings demonstrate that replacing GDP with GGDP can positively influence climate change, partic-ularly in reducing CO2 emissions and stabilizing global temperatures. The analysis further explores the implications of GGDP adoption across developed and developing countries, with specific predictions for China and the United States. The results indicate a potential increase in economic levels for developing countries, while developed nations may experi-ence a decrease. Additionally, the shift to GGDP is shown to significantly reduce natural re-source depletion and population growth rates in the United States, suggesting broader envi-ronmental and economic benefits. This paper highlights the universal applicability of the GGDP model and its potential to enhance environmental and economic policies globally.