Metrics and Indicators
ABOUT THE COMMITTEE
Quantifying the economic opportunities associated with the transition to a green economy is central to enabling decision makers to effectively communicate the value proposition of green growth. However, tracking green growth opportunities such as new employment, investment and innovation can be challenging due to the dearth of relevant data and the lack of policy indicators to meaningfully assess such data. The Metrics and Indicators Research Committee works to address this critical knowledge gap by examining existing data and methodologies for quantifying green growth opportunities. The Committee highlights data gaps and measurement challenges and identifies potential solutions for new data collection, methodological work and indicator development.
CURRENT RESEARCH PRIORITIES
In February 2016, the Metrics and Indicators Research Committee released a scoping study on “Measuring Inclusive Green Growth at the Country Level”. The paper identified a number of critical knowledge gaps, including: (i) economic values of stocks and flows of natural assets; (ii) qualitative dimensions of natural assets; (iii) sustainable use or extraction of natural assets; (iv) combining micro-level economic and environmental data; (v) resilience of socioeconomic systems to ecological shocks; (vi) tracking of employment effects, investment and other economic effects, in particular on the opportunities side; (vii) aggregate impacts of environmental policies; and (viii) distributional impacts of environmental changes and policies.
In the Committee’s next cycle of work, it has chosen to focus on the measurement of economic opportunities associated with the transition to a green economy. The Committee’s work will include an investigation of methods, models and indicators applied in the following economic sectors: finance and investment; employment and household income; industrial output and processes; and trade and value chains. In addition, specific overarching frameworks and classifications relevant to this discussion will be analysed, including those related to the Environmental Goods and Services Sector (EGSS), which can inform the measurement of green jobs, investment and exports.