NERA Economist Testifies Before US House of Representatives Committee on Science, Space, and Technology
19 April 2011
New York -- NERA Economic Consulting Senior Vice President Dr. David Montgomery testified on Green Jobs and Red Tape: Assessing Federal Efforts to Encourage Employment before the Subcommittee on Investigations and Oversight of the US House of Representatives Committee on Science, Space, and Technology.
Dr. Montgomery, an economic and regulatory expert in energy and environmental issues, shared with the subcommittee his views on the economics of the federal government's effort to create green jobs through federal R&D funding and through the use of loan guarantees, standards, subsidies, regulations, and tax incentives to promote "green" technologies.
"Energy R&D has the potential of leading to future technologies that can lower the cost of energy. However, the vast majority of federal 'Green Economy' funding is not going to basic and applied research; it is going to loan guarantees, standards, subsidies, regulations, and deployment of current technology," said Dr. Montgomery. "Federal funding and standards to promote adoption of green technology are unnecessary to achieve the environmental goals that have been accepted in public policy."
Download a transcript of Dr. Montgomery's testimony.
Dr. Montgomery is a recent addition to NERA Economic Consulting's Energy, Environment, and Network Industries Practice. He is an expert on the economic issues associated with climate change policy, and testifies as an expert witness in state and federal courts on antitrust and damages cases dealing with petroleum and natural gas markets. His scholarly work is frequently published in peer-reviewed journals, and Congressional committees have requested his testimony on climate change, issues affecting oil and gas markets, and other energy market and environmental issues on numerous occasions. He advises clients on the strategic implications of changes in energy and environmental policies and energy markets.
Dr. Montgomery was formerly co-head of the Energy and Environment Practice at Charles River Associates. He also served as assistant director of the US Congressional Budget Office and deputy assistant secretary for policy in the US Department of Energy.
About NERA
NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.
NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world’s largest economic consultancies. With its main office in New York City, NERA serves clients from more than 20 offices across North America, Europe, and Asia Pacific.
