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Gross Environment Product - Uttarakhand
July 31 , 2021
1088 days
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- The Uttarkhand government announced that it will initiate valuation of its natural resources in the form of ‘Gross Environment Product’ (GEP), said to be along the lines of Gross Domestic Product (GDP).
- Gross Environment Product (GEP) is an assessment system to measure the ecosystem services of any area.
- It reflects the aggregated annual value of goods and services provided by ecosystems (forests, water bodies, oceans, etc.) to people in a given region.
- It summarizes the value of ecosystem services in a single monetary metric.
- The term “ecosystem services” (ES) was coined in 1981 to attract academics to address environmental issues.
- ES are the benefits human populations derive, directly or indirectly, from ecosystem functions.
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