Hungarian researchers’ new methodology for replacing GDP: the sustainability turnaround

Hungarian researchers have worked out a methodology for replacing GDP with a “sustainability turnaround” indicator showing the negative effects of economic activity while providing additional data needed for effective intervention, János Áder, the former president of the republic, said on Friday at the plenary session of the World Science Forum (WSF) held in Budapest.

“The Hungarian proposal is a combined application of three methodologies: sGDP, a sustainability performance indicator, and the well-being indicator beyond GDP for interpreting the sustainability turnaround,” he said.

This gives a bigger picture for understanding economic, social and environmental processes and for aiding decision-making while reducing risks, Ader, who is president of the Kék Bolygó (Blue Planet) foundation, said.

At today’s WSF plenary session, scientists, politicians and representatives of international organisations discussed the results of this autumn’s UN Summit of the Future and the implementation of the Pact for the Future adopted by world leaders.

World Science Forum in the Hungarian Parliament. Photo: MTI

Read also:

• Former Hungarian President Áder: ‘Apology, forgiveness sign of strength, not weakness’ – read more HERE
• Former President Áder at World Water Forum: Water crisis ‘not eased by regional, global rivalry’ – details in THIS article