DEVELOPING THE ICELANDIC GENUINE PROGRESS INDICATOR – Accounting for the use of renewable energy sources when estimating Icelandic GPI
The Genuine Progress Indicator (GPI) is a tool for measuring the wellbeing of an economy. The question of how to include the use of renewable energy sources is important when estimating the GPI for an economy highly dependent on renewable energy like Iceland. An analysis of GPI estimations showed th...
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| Format: | Other/Unknown Material |
| Language: | English |
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Lunds universitet/Miljövetenskaplig utbildning
2011
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| Online Access: | http://lup.lub.lu.se/student-papers/record/2759819 |
| Summary: | The Genuine Progress Indicator (GPI) is a tool for measuring the wellbeing of an economy. The question of how to include the use of renewable energy sources is important when estimating the GPI for an economy highly dependent on renewable energy like Iceland. An analysis of GPI estimations showed that the use of renewable energy sources is reflected by the subtraction of the use of non-renewable ones. Furthermore the study shows that the negative impacts of renewable energy production are somewhat included in the indicator, although further discussion is needed about the effects on terrestrial and aquatic ecosystem services. As for the financing of renewable energy projects it is important to subtract the investments that are based on foreign currency loans. |
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