A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator
The Sustainable Development Goals (SDGs) represent a bridging point between the old, neoclassical, growth-based model of the economy and newer, emerging paradigms, such as the well-being economy. The importance of growth in Gross Domestic Product (GDP) is recognized within the SDGs, however, in addi...
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ftdoajarticles:oai:doaj.org/article:7e198037e9b147368384ccb61fe2af94 2023-05-15T16:51:37+02:00 A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator David Cook Brynhildur Davíðsdóttir Ingunn Gunnarsdóttir 2022-03-01T00:00:00Z https://doi.org/10.3390/en15062129 https://doaj.org/article/7e198037e9b147368384ccb61fe2af94 EN eng MDPI AG https://www.mdpi.com/1996-1073/15/6/2129 https://doaj.org/toc/1996-1073 doi:10.3390/en15062129 1996-1073 https://doaj.org/article/7e198037e9b147368384ccb61fe2af94 Energies, Vol 15, Iss 2129, p 2129 (2022) economic well-being energy linkages sustainability sustainable development trade-offs Technology T article 2022 ftdoajarticles https://doi.org/10.3390/en15062129 2022-12-30T19:54:57Z The Sustainable Development Goals (SDGs) represent a bridging point between the old, neoclassical, growth-based model of the economy and newer, emerging paradigms, such as the well-being economy. The importance of growth in Gross Domestic Product (GDP) is recognized within the SDGs, however, in addition, Target 19 of Goal 17 advocates the adoption of alternative measures of economic well-being. The Genuine Progress Indicator (GPI) has been found to be the indicator of alternative economic well-being most aligned with the SDGs. On the basis that increased, high-quality energy use leads to expanded macro-economic activity, as measured by GDP, this study conducts a conceptual exploration of the extent to which the pursuit of sustainable energy development (SED) can enhance GPI outcomes. Based on a recent Icelandic GPI study, a total of 46 SED themes were found to be linkable to 16 of its 39 sub-indicators, including 8 cost deductions and 7 benefit additions. The frequency of these was as follows: sustainable energy production (10), sustainable energy consumption (10), energy security (8), nature conservation (8), social benefits (7) and economically efficient energy system (3). The main implication of the study outcomes is that the pursuit of SED is likely to have considerable benefits in terms of fulfilling energy and climate policy, but also co-benefits with regard to the promulgation of economic and societal well-being, as reflected in the GPI. These outcomes, although applicable to Iceland, have ramifications for all nations who are simultaneously striving for greater economic prosperity, whilst tackling climate change and striving to deliver equitable, environmentally sound and resilient energy systems. Article in Journal/Newspaper Iceland Directory of Open Access Journals: DOAJ Articles Energies 15 6 2129 |
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Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
economic well-being energy linkages sustainability sustainable development trade-offs Technology T |
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economic well-being energy linkages sustainability sustainable development trade-offs Technology T David Cook Brynhildur Davíðsdóttir Ingunn Gunnarsdóttir A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator |
topic_facet |
economic well-being energy linkages sustainability sustainable development trade-offs Technology T |
description |
The Sustainable Development Goals (SDGs) represent a bridging point between the old, neoclassical, growth-based model of the economy and newer, emerging paradigms, such as the well-being economy. The importance of growth in Gross Domestic Product (GDP) is recognized within the SDGs, however, in addition, Target 19 of Goal 17 advocates the adoption of alternative measures of economic well-being. The Genuine Progress Indicator (GPI) has been found to be the indicator of alternative economic well-being most aligned with the SDGs. On the basis that increased, high-quality energy use leads to expanded macro-economic activity, as measured by GDP, this study conducts a conceptual exploration of the extent to which the pursuit of sustainable energy development (SED) can enhance GPI outcomes. Based on a recent Icelandic GPI study, a total of 46 SED themes were found to be linkable to 16 of its 39 sub-indicators, including 8 cost deductions and 7 benefit additions. The frequency of these was as follows: sustainable energy production (10), sustainable energy consumption (10), energy security (8), nature conservation (8), social benefits (7) and economically efficient energy system (3). The main implication of the study outcomes is that the pursuit of SED is likely to have considerable benefits in terms of fulfilling energy and climate policy, but also co-benefits with regard to the promulgation of economic and societal well-being, as reflected in the GPI. These outcomes, although applicable to Iceland, have ramifications for all nations who are simultaneously striving for greater economic prosperity, whilst tackling climate change and striving to deliver equitable, environmentally sound and resilient energy systems. |
format |
Article in Journal/Newspaper |
author |
David Cook Brynhildur Davíðsdóttir Ingunn Gunnarsdóttir |
author_facet |
David Cook Brynhildur Davíðsdóttir Ingunn Gunnarsdóttir |
author_sort |
David Cook |
title |
A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator |
title_short |
A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator |
title_full |
A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator |
title_fullStr |
A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator |
title_full_unstemmed |
A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator |
title_sort |
conceptual exploration of how the pursuit of sustainable energy development is implicit in the genuine progress indicator |
publisher |
MDPI AG |
publishDate |
2022 |
url |
https://doi.org/10.3390/en15062129 https://doaj.org/article/7e198037e9b147368384ccb61fe2af94 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Energies, Vol 15, Iss 2129, p 2129 (2022) |
op_relation |
https://www.mdpi.com/1996-1073/15/6/2129 https://doaj.org/toc/1996-1073 doi:10.3390/en15062129 1996-1073 https://doaj.org/article/7e198037e9b147368384ccb61fe2af94 |
op_doi |
https://doi.org/10.3390/en15062129 |
container_title |
Energies |
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15 |
container_issue |
6 |
container_start_page |
2129 |
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1766041727960875008 |