M-597 GDP calculation

That, in the opinion of the House, the government should take the steps necessary to integrate a natural capital accounting system, such as the one outlined in the World Bank’s Wealth Accounting and the Valuation of Ecosystem Services, into the GDP calculation by: (a) recognizing the essential economic importance of Canada’s natural resources, such as its forests, water, land, air, minerals and alternative energy sources, as well as the fragile relationship between economic progress, environmental health and population well-being; (b) recognizing that GDP is not an appropriate indicator for making responsible decisions; (c) re-evaluating how the public good and economic progress are measured in Canada; and (d) committing to studying the implementation of a natural capital accounting system in Canada and investigating how integrating such a system in the GDP calculation would encourage green economic growth and contribute to wealth and the public good over the long term.