Canada Needs Greener Economic
Measures, says Panel
Gross Domestic Product and Consumer Price
Index are not enough to provide an accurate measure of this country’s
overall economic performance, says a federal economic advisory panel,
and new measurements, focussing on ecological damage, must be added to
determine our collective well-being.
In a report released last month, the National
Round Table on the Environment and the Economy said six new
measurements must be considered for a more accurate picture.
These include the percentage of forest cover,
availability of fresh water, greenhouse gas emissions, wetlands and
The report has been sent to the federal
ministry of the environment for consideration. However, it was released
to CBC Newsworld before being officially made public.
"We would be world leaders here in Canada if
we could take these suggestions and implement them," said former Round
Table chair Stuart Smith, adding that that measuring performance by how
quickly jobs are created or how efficiently goods are manufactured
ignores costs like environmental damage. "It doesn't tell us whether
we're living high today at the expense of generations to come.”
Federal Environment Minister David Anderson
reportedly supports the proposal and says he will ask the Cabinet to
endorse it as well.