An estimate of the Genuine Progress Indicator for Iceland, 2000–2019

Cook, David; Davíðsdóttir, Brynhildur

doi:10.1016/j.ecolecon.2021.107154

Cited by 8 publications

(21 citation statements)

References 35 publications

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“…The outcomes of the conceptual exploration are presented in Table 3. These link together the capital asset dimensions and calculation components of the Icelandic GPI [34] with the six SED themes for Iceland identified by [16]. The SED theme and increasedecrease columns are grey-scaled where specific GPI calculation components are deemed to be irrelevant in the context of SED.…”

Section: Summary Evaluationmentioning

confidence: 99%

“…The Icelandic population has increased in number by 77,942, amounting to growth of 27.9% over the period 2000-2019 [64]. Household consumption expenditure on electricity and fuels, a component of the HBE in the GPI, increased from 19,499 to 32,228 million Icelandic krona (ISK) over the period 2000-2019, an expansion of 65.28% [34].…”

Section: Summary Of Sed and Gpi Links And Monetary Changesmentioning

confidence: 99%

“…The main aim of this study is to undertake a conceptual exploration of the extent to which the pursuit of SED themes can affect GPI outcomes, all other factors being equal. Data from the Icelandic GPI study [34] is used to provide simple illustrations of the likely links between SED dimensions and cost/benefit components in the GPI. The reason for focusing on the Icelandic GPI are as follows:…”

Section: Introductionmentioning

confidence: 99%

“…(a) The nation has largely embraced SED and transformed its economy from one based on fossil fuels to renewable energy resources [17,[35][36][37]; (b) A recent GPI national dataset for Iceland has been compiled by [34]; (c) The GPI study [34] is the first national assessment completed using the GPI 2.0 methodology advocated by [38], which constitutes a transition towards a more standardized approach to its calculation.…”

Section: Introductionmentioning

confidence: 99%

“…Section 2 provides a more detailed overview of the core concepts in this paper: SED and its underlying themes, the well-being economy and its capital asset foundations, and alternative measures of economic well-being. Section 3 details the paper's methodology, providing a summary of the GPI 2.0 method that was applied in the Icelandic GPI study by [34] and describing how the Icelandic SED themes were determined by [16,42]. Section 4 provides a combined results and discussion.…”

Section: Introductionmentioning

confidence: 99%

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A Conceptual Exploration of How the Pursuit of Sustainable Energy Development Is Implicit in the Genuine Progress Indicator

2022

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The Sustainable Development Goals (SDGs) represent a bridging point between the old, neoclassical, growth-based model of the economy and newer, emerging paradigms, such as the well-being economy. The importance of growth in Gross Domestic Product (GDP) is recognized within the SDGs, however, in addition, Target 19 of Goal 17 advocates the adoption of alternative measures of economic well-being. The Genuine Progress Indicator (GPI) has been found to be the indicator of alternative economic well-being most aligned with the SDGs. On the basis that increased, high-quality energy use leads to expanded macro-economic activity, as measured by GDP, this study conducts a conceptual exploration of the extent to which the pursuit of sustainable energy development (SED) can enhance GPI outcomes. Based on a recent Icelandic GPI study, a total of 46 SED themes were found to be linkable to 16 of its 39 sub-indicators, including 8 cost deductions and 7 benefit additions. The frequency of these was as follows: sustainable energy production (10), sustainable energy consumption (10), energy security (8), nature conservation (8), social benefits (7) and economically efficient energy system (3). The main implication of the study outcomes is that the pursuit of SED is likely to have considerable benefits in terms of fulfilling energy and climate policy, but also co-benefits with regard to the promulgation of economic and societal well-being, as reflected in the GPI. These outcomes, although applicable to Iceland, have ramifications for all nations who are simultaneously striving for greater economic prosperity, whilst tackling climate change and striving to deliver equitable, environmentally sound and resilient energy systems.

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Section: Summary Evaluationmentioning

confidence: 99%

Section: Summary Of Sed and Gpi Links And Monetary Changesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%