Climate change and the volatility it can cause has a demonstrable impact on GDP. However, traditional GDP calculations often neglect to include the impact of environmental degradation, resource depletion, and societal disruption caused by the climate crisis. The broader picture of economic health, therefore, is not as complete and robust as it could be.

Our experts, Cecilia Van Cauwenberghe, Meenakshi Narayanan, and Rita N. Soni, discussed the critical need to consider sustainability as an integral part of GDP discussions, as well as key initiatives integrating economic factors, climate change, and GDP by economists and other research institutions.

Attendees understood more about the relationship between economic inclusion, climate change, and GDP and learned how to make GDP calculations more inclusive of sustainability considerations.

What questions did the webinar answer for the participants?

• How do climate change and social disruptions directly impact GDP growth and economic stability?
• What methods can be used to integrate environmental and social costs into GDP calculations effectively?
• What innovative strategies can different stakeholders implement to promote sustainable economic development?