Economy

Macroeconomic Analysis
EERA has provided macroeconomic impact analyses (including job creation and economic growth) associated with new technologies, related policies, or implementation programs. For example, we are users of IMPLAN software that facilitates regional input-output analysis for understanding macroeconomic impacts associated with perturbations in the economy (either due to technologies, policies, or other sector shifts).   EERA helped conduct a macroeconomic analysis of transportation electrification in the United States in 2009.


Benefit-Cost Analysis
EERA has in-depth knowledge of benefit-cost theory and experience conducting benefit-cost studies for energy and resource management and emissions impact mitigation.  In addition to analyzing monetary benefits and costs, we can identify costs and benefits in non-monetary dimensions; we can help clients monetize these as needed.   In 2009, EERA supported the EPA with “Fuel Switching Feasibility and Cost Effectiveness Study at the Port of Houston and a Foreign Port in the Western Hemisphere”. 


Economic Impact Analysis
EERA has evaluated potential effects of policy on diverse stakeholders.  We have produced economic elasticity models of economic instruments to achieve environmental policy goals used by state legislators and stakeholders from both industry and advocacy groups. Often, we construct scenario analyses that compare performance-based instruments including market-based credit allocation with more traditional policy mandates.


Policy Analysis and Planning
The EERA team has extensive capacity to conduct sophisticated policy analyses.  EERA principals currently teach policy analysis techniques at major U.S. universities.  We develop decision support models and provide analyses to inform decision makers with model simulations and scenarios to generate new ideas, analysis of uncertainty and confidence in alternate strategies, and multi-attribute decision models to provide balanced and robust recommendations.