Gross Environment Product (GEP)

In a latest development, the State government of Uttarakhand announced to initiate valuation of its natural resources in the form of ‘Gross Environment Product’ (GEP).

  • It was established back in 1997 by ecological economists like Robert Costanza at the global level.
  • It is an assessment system to measure ecological status.
  • It is considered as the product and service value that the ecosystem provides for human welfare and economic and social sustainable development, including provisioning, regulating and cultural ecosystem services.
  • Overall, GEP accounts for the economic value of the ecosystem in providing products and services, and it is one of the components of green GDP.
  • The term “ecosystem services” was coined in 1981 to attract academics towards this aspect, its definition is still in the process of evolution.
  • Ecosystems that can be measured include natural ecosystems such as forests, grassland, wetland, desert, freshwater and ocean, and artificial systems that are based on natural processes like farmland, pastures, aquaculture farms and urban green land, etc.





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