– Jon Erickson of the Gund Institute for Ecological Economics | Keynote Address for UVM’s annual Sustainable Business class | Summer 2012
Article from Vermont Digger:
by Alan Panebaker | May 30, 2012
Starting next year, the Legislature will consider the value of things like clean water, volunteer work and time off for employees when it creates its budget.
Under a law signed by Gov. Peter Shumlin this month, the Gund Institute for Ecological Economics will create what is called a “genuine progress indicator” for the state.
The “GPI” will supplement the gross state product to measure the state’s economic, environmental and social well-being.
Once the report is complete, it will go back to lawmakers who will consider the costs and benefits of budget decisions.
Jon Erickson, managing director of the Gund Institute for Ecological Economics at the University of Vermont, spelled out how the genuine progress indicator system will work at a conference Wednesday at the college. Erickson said the institute will pull together Vermont-specific indicators of general well-being. Indicators like clean water and volunteer work would have positive financial value and those on the minus side of the equation, such as crime and pollution, would have a negative value.
Gund Institute For Ecological Economics (website)
Gund Institute (Youtube channel)