Letter to the UN High-Level Expert Group on Beyond GDP in support of expanded wealth accounting

This year, member states of the UN are working on coming up with a solution on how to measure sustainable development, aiding economic and social decision-making. In that effort, it is necessary to expand the concept of GDP, the commonly used method for the evaluation of economic performance, and take into account components relevant to well-being and sustainability in the measurements.
This challenging endeavour is supported by an open letter, prepared under the auspices of Yale University and signed by 65 well-known figures. The signatories emphasise to the addressed Expert Group appointed by the UN Secretary General that for managing national wealth properly, natural capital has to be accounted for in the measuring system, and every component that contributes to our well-being.
The open letter reinforces many of the findings of the workgroup organised by the Hungarian Academy of Sciences and the Blue Planet Climate Protection Foundation, whose research results were presented by János Áder at the World Science Forum 2024 Conference in Budapest.
Csaba Kőrösi, former President of the UN General Assembly and Strategic Director of the Blue Planet Climate Protection Foundation, has also signed the document.
The entire letter can be downloaded here.