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This is historical material, "frozen in time." The web site is no longer updated and links to external web sites and some internal pages will not work.
NARA is disabling support for IPv4 and will support only IPv6 protocols for accessing this website after September 24, 2021. If you receive a network error or have other issues when attempting to access this site, please contact your Internet Service Provider for assistance.
Green GDP
In April of 1994, the Department of Commerce Bureau of Economic
Analysis (BEA) announced its economic-environmental accounting
framework, or "Green GDP," -- an effort initiated by the President in
his Earth Day 1993 remarks. Natural resources and environmental
quality are important productive assets that must be preserved in a
healthy economy. Just as the economic ledger includes an entry for
depreciation of plant and equipment, an entry should also be made to
record the degradation of natural assets. Recording the full range of
these costs, or the value of investing in environmental improvement,
provides a clearer picture of the nation's wealth and a measure of
sustainable income.
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