Climate Compatible Growth (CCG) is a £38m UK aid funded research programme, helping developing countries take a path of low carbon development whilst simultaneously unlocking profitable investment in green infrastructure, opening up new markets and supporting delivery of the Sustainable Development Goals (SDGs).
Left unchecked, climate change will cause major economic, social, and environmental damage, affecting global security, food systems, water resources, health, and ecosystems. Developing countries are at the most immediate risk. CCG can provide the right evidence at the right time on how developing countries can respond best to the low-carbon transition against a backdrop of Covid-19 economic recovery and rapid tech transformations.
In collaboration with national and international research partners, CCG will deliver the energy and transport system tools and decision support frameworks needed to create climate compatible growth and sustainable economic infrastructure. CCG aims to change the ‘rules of the game’, breaking away from siloed thinking to open new markets and jobs, shift financial flows, and make green transitions possible.
Role in the GGI Ecosystem
CCG provides research support to the GGI Africa, Asia-Pacific and Finance working groups and various project task forces.
In collaboration with the Green Climate Fund and other Finance WG members, the team have published a paper on how climate finance can be mobilised to meet the large investments needed in grid infrastructure across emerging and developing economies. The paper proposes two key opportunities to unlock such finance; firstly, by making specific changes to criteria on climate finance attribution that would increase the projects funded by international finance organisations, and secondly, an approach to assessing grid project by climate funds, to enable them to provide important concessional financing to further mobilise the investment needed.
Through OSeMOSYS Global, a free modelling tool that lets users identify least-cost pathways to decarbonise the global energy system, CCG researchers are providing essential support in accelerating the development of proposed long range interconnectors, enabling green energy to be transported from where it is most abundant, to where it is most needed.