Introducing GDP 2.0 (And Why It Matters)

GDP’s Increasingly Obsolete — So We Updated It

Welcome to our inaugural report on GDP 2.0. Here we calculate, for the first time, carbon-adjusted GDP. This reveals a starkly different portrait of the true world economy in the 21st century. Here are three quick takeaways.

• Adjusted for carbon, the global economy is on the order of 10% smaller.
• Adjusted for carbon, global economic growth is flat or negative.
• The true portrait of our economy is one that’s more challenged, troubled, and facing greater shocks than GDP 1.0 — an industrial age measure of the economy, which doesn’t include its biggest externality, carbon — indicates.

If you haven’t joined already, head over to The Issue for a discussion about what it all means, and why GDP 2.0 matters.

Introducing GDP 2.0, What it Means, and Why it Matters (for a Civilization in Crisis)