GDP does not calculate the wealth of ecosystems and biodiversity
Human well-being is completely dependent on the smooth flow of ecosystem services, such as food, fibres, clean water, healthy soil and carbon capture. They are public goods, but with no market and no prices, and hence are rarely detected by the economic compass of our times, gdp
The world has achieved economic progress. But over the past 50 years its ecosystems have degraded by about 60 per cent. For example