Sir Partha Dasgupta: GDP is not fit for purpose

Sir Partha Dasgupta is the author of a landmark review calling for transformational change in our economic approach to nature. He is Emeritus Professor of Economics at the University of Cambridge and and Chair of the Management Board of its Centre for the Study of Existential Risk. He was appointed by the British Chancellor of the Exchequer to lead an independent global review to assess the economic benefits of biodiversity and the economic costs of its loss. That review, released earlier this month, finds prosperity has come at a "devastating" cost to the natural world. Sir Partha says nature must be recognised as an asset and that our traditional measure of economic prosperity - Gross Domestic Product - is no longer fit for purpose.