On February 15-16, GGGI held a two-day technical workshop as part of the ongoing development of the Green Growth Performance Measurement tool (GGPM). The workshop was held at the GGGI headquarters in Seoul and brought together a range of experts from different international organizations and research institutes, including the OECD, World Bank, Beijing Normal University, the Institute for Global Environmental Strategies, as well as several UN organizations.
The aim of the workshop was to gather feedback from technical experts at the early stage of GGPM development. Discussions focused the GGMP’s theoretical framework, relevant data and indicators, normalization and weighting procedures as well as underlying assumptions and relationships concerning the modeling component of the tool.
GGGI is developing the initial iteration of the GGPM in co-operation with Vivid Economics and the Economist Intelligence Unit. The GGPM consists of two elements:
- a composite index to assess countries’ current performance in different areas and sectors relevant to green growth; as well as
- a simulation model that allows to assess the impact of different policy changes.
While there are currently available a number of indices covering different aspects of green growth, the GGPM’s index in combination with the simulation model and geographic coverage will push the boundaries of available quantitative evidence about the dynamics of green growth as well as identify new research areas.
The results of the consultation will support GGGI to refine some aspects of the pilot tool, in particular the assumption and logical relationships within the simulation tool. The results will also directly feed into the next development stage, involving in-country data-gathering in order to fill some of the existing data gaps.
In the second quarter of this year, GGGI plans to gather feedback from technical and policy experts from governments and research institutes within GGGI countries.