ECLAC promotes strengthening of technical capacities in the evaluation of public investment in Nicaragua

On Tuesday, March 19 and Wednesday, March 20, 2024, a training course on Methodologies for calculating and using the Social Carbon Price in the evaluation of public investment was held at the Ministry of Finance and Public Credit of Nicaragua. The event took place in the Auditorium of the General Directorate of State Contracting.

The course had two differentiated sections: One aimed at the technical teams of the National Public Investment System (SNIP) in charge of evaluating investment projects, and another aimed at officials responsible for the formulation of public investment and sectoral projects. . Both sections had a theoretical-practical approach, with the objective of strengthening the technical capacities of the participants in the calculation and application of the social carbon price.

The main objective of this training was to strengthen the technical capabilities of the teams of the National Public Investment Systems in the estimation and updating of the Social Price of Carbon. The course instructors presented the different topics emphasizing conceptual and methodological aspects, in addition to putting into practice calculation tools for social evaluation of public investment projects applying the social price of carbon.

The work carried out by the General Directorate of Public Investment of Nicaragua, in collaboration with regional experts and the support of the Euroclima Program of the European Union, to estimate and apply the Social Price of Carbon in the evaluation of public investment, represents a significant step towards a more sustainable and resilient development to climate change. This tool not only contributes to efficiency in the use of public resources, but also promotes the transition towards a low-carbon economy and in line with the international commitments of the Paris Agreement.

ECLAC, in collaboration with the Euroclima Program, has been promoting the implementation of the social carbon price in the region, with the aim of incorporating climate considerations into decision-making regarding the evaluation of public investments. The work carried out to date has demonstrated the positive impact that this tool can have on the quality of public investment in key sectors such as energy, transport and infrastructure to make it consistent with climate objectives.