Green Growth Assessment & Extended Cost Benefit Analysis: A handbook for policy and investment decision makers

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December 2018
Source: 
Global Green Growth Institute (GGGI)

‘Green Growth’ is a means to achieve the multiple objectives of sustainable development. This entails promoting an inclusive and equitable growth that recognizes the value of natural capital, improves resilience, and builds local economies. It encompasses policy reforms that speed up structural and technological innovations in order to enhance greater resource efficiency throughout the whole economy. In doing so, any green growth-oriented economic strategy places a premium priority on the design of policy incentives which safeguard the natural environment and its ecosystem services. In short, reconciling environmental stewardship and economic growth objectives provide plenty of opportunities for innovative green investment.

On the macro level, a Roadmap to Delivering Green Growth is designed to provide a long -term vision for public policy. In consulting with stakeholders, five desired outcomes of green growth have been identified, and a pool of indicators is being developed to measure the progress in driving the Indonesian economy towards these outcomes. On the micro level, the Green Growth Assessment Process (GGAP) and extended Cost Benefit Analysis (eCBA) are used as planning tools to help design policy interventions and encourage the use of green technologies, in addition to best practices to ensure green growth outcomes of the investment projects.

This handbook, Green Growth Assessment & Extended Cost Benefit Analysis: A handbook for policy and investment decision makers, is an introductory guide for policy makers to apply the GGAP and eCBA in the planning process. Both tools provide an integrated framework to provide a qualitative and quantitative analysis of the economic, social, and environmental impacts of the projects. Using results and empirical evidence from four technical studies conducted by the Green Growth Program, this handbook illustrates the basic concepts underlying the eCBA and the methods in its implementation.