Climate-friendly GGDP: GDP's path to environmental transformation

Abstract

In the face of current environmental challenges and increasing resource pressures, the sustainability of economic development and the rationality of its assessment methods have garnered widespread attention. Green GDP (GGDP), which accounts for environmental costs and resource consumption, provides a more comprehensive and sustainable measure of economic performance, reflecting the true state of development. By analyzing China's ecological GDP (2000–2014) and using methods like least squares modeling and the grey prediction model (GM(1,1)), this study finds that GDP and GGDP exhibit consistent trends, with Kendall's coefficient of 1.0 confirming perfect correlation. This suggests that incorporating ecological considerations into economic assessments does not hinder development, making GGDP a valuable alternative to traditional GDP. Furthermore, GGDP can drive green industry development, economic restructuring, and climate mitigation efforts, promoting sustainable development and harmonious coexistence between humanity and nature.