However, over the longer time spans, the estimates of GDP and GDI tend to follow similar patterns of change.
For initiatives like the GDI, he said, these pressures challenge us to think big, start small and scale up quickly.
Participants of the 3rd Experts Meeting of the Green Development Initiative (GDI) met in Nairobi on 09-11 October, 2011.
Regarding corporate use of GDI certification, the Meeting recognised that private companies needed to be persuaded through a convincing business case.
The Meeting concluded with a discussion about next steps, including consideration of the key elements of a pilot phase of the GDI.
Gross Domestic Investment (GDI) in 2009 was 15.8% vs. 20.0% in 1966.
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For a given quarter, the estimates of GDP and GDI may differ for a variety of reasons, including the incorporation of largely independent source data.
And, somewhat indirectly, this data set is the one used to calculate the wages component of GDI, which suggests GDI will be revised up as well.
In so doing, the GDI will provide a way for companies to manage their biodiversity responsibilities and to support biodiversity outcomes which are important to their operations, investors and customers.
Further, as a key requirement for GDI certification would be no net loss of biodiversity, this would require monitoring the biodiversity performance of the land management and independent verification of outcomes.
Yesterday evening, Jacques Pitteloud, the Swiss Ambassador to Kenya, Rwanda, Uganda, Tanzania, Burundi and the Seychelles, hosted an African Briefing on the GDI at his residence followed by a dinner.
In considering the conservation of biodiversity, the Meeting recommended that a key step of GDI certification must be a baseline assessment of the current biodiversity status of the area to be managed.
Companies need to be confident about the integrity of the GDI approach and assured that it was compliant with both international policy and domestic regulations and that it will clearly facilitate improved biodiversity performance.
The NBER waited until now to declare an end to the recession because its Business Cycle Dating Committee wanted to see the most recent revisions of GDP and GDI figures, released in July and August.
The Meeting reviewed the early stages of the GDI pilot programme which has delivered a number of proposals outlining potential projects which could be developed to test the applicability of GDI-certified management plans to specific areas.
The experts provide inputs on both the supply side of the GDI focusing on biodiversity-relevant certification requirements for land management and the demand side of the GDI focusing on financing opportunities from business and the market.
So, for the sake of the Republic let us have the serenity to accept the things we cannot change and the wisdom to know that its entirely possible to ditch GDP as the headline number and go with GDI.
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Among the largest underlying components of VBK, in trading today Polycom Incorporated ( NASD: PLCM) is up about 4.5%, Varian Semiconductor Equipment ( NASD: VSEA) is up about 0.2%, and Gardner Denver Incorporated ( NYSE: GDI) is up by about 0.4%.
On the demand side, the Meeting explored three dimensions of securing additional financing for biodiversity through the GDI approach: using GDI certification within corporate biodiversity strategies and actions, bringing GDI-certified land management projects to market, and exploring the role of public funding for scaling up the GDI approach.
The roundtable also highlighted new tools and approaches such as the guidance on corporate ecosystem valuation from the World Business Council for Sustainable Development ( WBCSD), the biodiversity-responsible land management certification from the Green Development Initiative ( GDI), and the new guidance on ecosystems assessment from the International Petroleum Industry Environmental Conservation association ( IPIECA).
These include using the IFCs Performance Standard 6 to guide the establishment of corporate biodiversity management systems, setting up IUCN Independent Review Panels to advise and monitor the implementation of these systems, certifying biodiversity management areas under the GDI, using the Biodiversity Offset Standard as needed, and adopting the GRI public reporting guidelines for biodiversity and ecosystem services.
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