● About GEP:
- Established back in 1997 by ecological economists like Robert Costanza at the global level.
- It is an assessment system to measure ecological status.
- GEP accounts for the economic value of the ecosystem in providing products and services
-it is one of the components of green GDP.
-Green GDP is an indicator of economic growth with environmental factors taken into consideration along with the standard GDP of a country.
- It factors biodiversity losses and costs attributed to climate change.
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