University of Vermont

Gund Fellows Jon Erickson and Eric Zencey Testify at the Vermont Legislature on the Vermont Genuine Progress Indicator

Gund Fellows Jon Erickson and Eric Zencey testified before the Vermont Legislature on November 26th, detailing Gund’s progress towards compiling and reporting the Vermont Genuine Progress Indicator (GPI) as required by Act 113. VTDigger.org covered their testimony, which is available on their website:

(http://vtdigger.org/2012/11/26/measuring-well-being-instead-of-gross-state-product-genuine-progress-indicator-relies-on-alternative-economic-measure/).

Act 113 is groundbreaking legislation passed in 2011 calling for the University of Vermont's Gund Institute for Ecological Economics to develop a Vermont GPI to "measure the state of Vermont's economic, environmental, and societal well-being as a supplement to … gross state product”. Beyond establishing the measurement of this alternative indicator, the law calls for the use of GPI “in decision-making by providing an additional basis for budgetary decisions, including outcomes-based budgeting; … and by serving as a tool to identify public policy priorities."

The Gund Institute has been a world leader in compiling GPI estimates, which have now been produced for dozens of countries, regions, and states. The Gund Institute will deliver its GPI findings based on 2011 data to the Vermont Legislature in January 2013.  

 

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