Economic Instruments for Climate Action
We support governments and international organizations to integrate climate change into their public investment processes by developing economic metrics and tools that quantify the value of climate action and inaction.
Service
Climate change is fueling extreme weather events, harming ecosystems, and putting human lives and infrastructure at risk. We work with our clients to put a dollar value on these costs by developing and implementing economic and financial tools.
Our team is adept at adapting methodologies to the context of diverse countries, providing technical training for government teams, and assessing the economic impact and social costs of emitting or reducing greenhouse gas emissions. Our tools help governments and organizations make informed decisions and promote investments that consider the ripple effects of climate action.
Relevant Example
SSG partnered with the United Nations Economic Commission for Latin America and the Caribbean and governments from across Latin America and the Caribbean to determine a local social price of carbon (SPC), which puts a dollar value on the social and economic damage created by climate change. SSG collaborated with government officials to identify a SPC that reflects their unique context and priorities. With SSG’s support, countries that have adopted an SPC are now training officials to use the SPC to evaluate projects related to issues ranging from renewable energy to electrifying public transport.
Read more about the social price of carbon in Latin America and the Caribbean (ES).
+60
people trained
+5
methodological guides
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Want to learn more about how your community can use economic analysis to achieve your climate goals?