Does CCS conduct economic analyses of climate actions?
Yes. During the analysis phase of the planning process, CCS works through stakeholders and technical work groups to quantify the impacts of climate policy actions, including estimates of GHG reduction potential and marginal and total costs or cost savings of implementation both for individual actions and for the aggregate portfolios of actions (eliminating double counting where techniques overlap). This analysis is a “cost-effectiveness analysis” rather than a “cost-benefit analysis,” since not all costs or benefits of undertaking measures to reduce GHG emissions can be fully monetized. In addition, on a case-by-case basis, CCS will analyze job creation, distributional impacts of costs and benefits, macroeconomic impacts, and local economic development for key measures as needed, typically at the end of or as a follow-up to the planning process. CCS develops customized analysis of climate actions based on the needs and preferences of stakeholders and Technical Work Group members. In ad
