Though mainstream economic measures such as GDP are useful and have great influence on both public and private decisions, they are flawed as a measure of human welfare. In addition, they give little information as to whether economic activity is helping Europe make progress toward its environmental goals and its commitment to sustainable development. There is, then, a crucial need in Europe for indicators and measurement systems that provide a useful assessment of progress toward the simultaneous aims of economic success, human well-being, environmental protection and long-term sustainability.
The goal of IN-STREAM is to bridge the gap between various types of indicators and to disseminate the results to policy-makers, economists, journalists and the public at large. Key project objectives include:
- performing the required quantitative and qualitative assessments in order to link mainstream economic indicators with key well-being and sustainability indicators;
- providing insight into the synergies and trade-offs implicit in Europe's pursuit of economic growth and environmental sustainability;
- recommending new indicator approaches (and sets of indicators) based on their robustness, feasibility and suitability to EU policy objectives; and
- in consultation with stakeholders, developing strategies for implementing these approaches.