Sustainable Development of the Happy Planet Index Assignment

Sustainable Development of the Happy Planet Index - Assignment Example The firm that is analyzed in the paper is Happy Planet Index (HPI) that was designed in the year 2006 to evaluate the certain condition of the human life and the association of the humans and the environment. The previous indices like the Gross Domestic Product (GDP) and the Human Development Index (HDI) have lost their worth, as the most of the people agreed to be happy and healthy instead to being rich. In other words we can say that the Happy Planet Index (HPI) is the measure of how healthy and happy the humans are leading their lives and how is the activities of the humans affects the environment surrounding them. Moreover, the rate of consumption of natural resources also matters a lot in determining the Happy Planet index (HPI). The carbon foot prints produced by the humans largely affects the index and in this way, it encounters the ecological footprints bet unit person residing in a particular locality. The lower the value of ecological foot prints, the larger will be the Hap py Planet Index (HPI). Happy Planet index contributes much in the sustainable development of the planet as the Happy Planet Index tells about the growth of the ecological foot prints per person residing in the certain locality. In major cities of the world and the bigger and progressed countries of the world, it is seen that the ecological foot prints per capita is more as compared to the some of the underdeveloped countries. Moreover, such areas, which have forest and green fields in the vicinity, have the higher Happy Planet index. It can be noticed that most of the people want to have a healthy and happy life instead of a lavish life that is full with money but lacks health and happiness. The major strength of the HPI over other types of indices like GDP etc is that the economic perspective attached with the GDP and others is replaced by the Happy Planet Index and provided a Satisfied and happy life to the people. It associated the humans well being to the ecology. The previous i ndices have pity less information about the health and happiness of the persons. The methods involved in the evaluation of the index are simple enough to be understood by the common public as well as politicians. The factors like the Ecological footprints and the life expectancy can be calculated and utilized in the calculating the Happy Life index that is then compared to other regions of the world but the results might have some minor errors particularly when considering the ecological footprints. The index is the way to encounter many factors, some soft as life satisfaction and hard as Life expectancy and ecological footprints. It covers both state wise factors as resource consumption and individual’s factors like individual’s well being. However, Happy Planet Index (HPI) has some limitations, as the Happy Planet Index has a major factor associated with it is the ‘Happiness’ and it is hard to measure the happiness as the complexity of the term is heavil y discussed among social reformers. In different regions of the world, the ideas related to the term may vary and it depends on the metal status of the person to define the term. In this way, the policy building step becomes more complex that is a limitation in the Happy Planet Index (HPI) (Schepelmann, Makipaa & Goossens, 2007). Moreover, as the index is named as the Happy Planet Index (HPI), many people got the wrong idea of the index and considered it only an index that depicts the happiness of the country while the Happy Planet Index covers the environmental, ecological and Longevity factors. The biological indicators or the biotic indicators are the organisms or organism or community’s aspect, which are the part of the environment and as some alteration in the environment occurs, the organisms correspond to the change and show some special characteristics. Some biotic indicators prove the purity of the water through their presence in the water, while show that the water is not ideal for drinking. Some organisms