Advanced

DEVELOPING THE ICELANDIC GENUINE PROGRESS INDICATOR – Accounting for the use of renewable energy sources when estimating Icelandic GPI

Stefánsdóttir, Birgitta LU (2011) MVEK02 20111
Studies in Environmental Science
Abstract
The Genuine Progress Indicator (GPI) is a tool for measuring the wellbeing of an economy. The question of how to include the use of renewable energy sources is important when estimating the GPI for an economy highly dependent on renewable energy like Iceland. An analysis of GPI estimations showed that the use of renewable energy sources is reflected by the subtraction of the use of non-renewable ones. Furthermore the study shows that the negative impacts of renewable energy production are somewhat included in the indicator, although further discussion is needed about the effects on terrestrial and aquatic ecosystem services. As for the financing of renewable energy projects it is important to subtract the investments that are based on... (More)
The Genuine Progress Indicator (GPI) is a tool for measuring the wellbeing of an economy. The question of how to include the use of renewable energy sources is important when estimating the GPI for an economy highly dependent on renewable energy like Iceland. An analysis of GPI estimations showed that the use of renewable energy sources is reflected by the subtraction of the use of non-renewable ones. Furthermore the study shows that the negative impacts of renewable energy production are somewhat included in the indicator, although further discussion is needed about the effects on terrestrial and aquatic ecosystem services. As for the financing of renewable energy projects it is important to subtract the investments that are based on foreign currency loans. (Less)
Please use this url to cite or link to this publication:
author
Stefánsdóttir, Birgitta LU
supervisor
organization
course
MVEK02 20111
year
type
M2 - Bachelor Degree
subject
language
English
id
2759819
date added to LUP
2012-06-08 14:58:35
date last changed
2012-06-08 14:58:35
@misc{2759819,
  abstract     = {The Genuine Progress Indicator (GPI) is a tool for measuring the wellbeing of an economy. The question of how to include the use of renewable energy sources is important when estimating the GPI for an economy highly dependent on renewable energy like Iceland. An analysis of GPI estimations showed that the use of renewable energy sources is reflected by the subtraction of the use of non-renewable ones. Furthermore the study shows that the negative impacts of renewable energy production are somewhat included in the indicator, although further discussion is needed about the effects on terrestrial and aquatic ecosystem services. As for the financing of renewable energy projects it is important to subtract the investments that are based on foreign currency loans.},
  author       = {Stefánsdóttir, Birgitta},
  language     = {eng},
  note         = {Student Paper},
  title        = {DEVELOPING THE ICELANDIC GENUINE PROGRESS INDICATOR – Accounting for the use of renewable energy sources when estimating Icelandic GPI},
  year         = {2011},
}