Green GDP shown the red signal – People’s Daily

From People’s Daily:

accounting – which takes into account the impact of environmental degradation on the economy – has hit a snag, a source with the environmental watchdog said.

The National Bureau of Statistics (NBS) has asked the State Environmental Protection Administration (SEPA) not to release the latest results of Green GDP to the public and keep them only as a reference for policymakers, said the source.

The NBS and SEPA jointly released the Green GDP accounting for 2004 last September amid much fanfare; and the results for 2005 were planned to be released this month by SEPA.

“Experience has shown that both the theory and the methodology of Green GDP accounting are not sophisticated enough,” the NBS said in the letter obtained by China Daily. “There are lots of difficulties in the pilot project.” [Full Text]

Read also: Beijing signals retreat over “green growth” on ChinaWorker.info

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