Environmental Economics

NERA Proprietary Models

NERA Proprietary Models

NERA has an extensive collection of proprietary models that have been developed to assist in the economic evaluation of climate change and other environmental policies.

  • The NewERA model
  • A program that models the US electric power system and portions of the Canadian system, with 39 geographical regions that reflect the interplay of transmission constraints and environmental regulations. Linking this model with the general equilibrium model described below allows for the analysis of unit-level impacts while accounting for the economy-wide impacts of environmental regulation resulting from climate and other emissions policies.
  • A computable general equilibrium model of all sectors of the US economy that simulates patterns of investment and consumption behavior that maximize consumer welfare over time. It captures changes in electricity demand and natural gas and oil prices that cannot be evaluated without modeling the entire US energy sector. 
  • The NERA Carbon Financial Impacts Model combines projected market impacts of climate change policies with company- or sector-specific data on emissions, energy consumption, output, and other factors to estimate changes in costs and revenues.
  • The NERA Stochastic Electricity Market Model analyzes the effects of various changes on generation asset values.
  • The NERA Light Duty Vehicle Market Model analyzes the effects of various policies (e.g., fuel economy and emission standards) on new vehicle sales, existing vehicle scrappage rates, fleet populations, fuel use, and emissions.

NERA also develops specific proprietary models to meet individual client's needs. Recent examples include:

  • a model of the US refining sector to study the impacts of a national climate change program;
  • a model to evaluate sector-specific carbon abatement options in the electricity, refining, and oil and gas sectors within a particular state;
  • a model of the US pulp and paper sector to study abatement opportunities for various air emissions;
  • a model of international air traffic to assess the impact of the EU ETS on airlines;
  • a model of the UK heat market to assess the cost and potential for renewable heat; and
  • models of individual EU industries, including petrochemicals and lime, to assess the competiveness effects of climate change policies.
Name Title Location Phone Email
Dr. David Harrison Jr. Managing Director
Co-Chair, Environment Practice
Boston +1 617 927 4512 david.harrison@nera.com
Dr. Anne E. Smith Managing Director
Co-Chair, Environment Practice
Washington, DC +1 202 466 9229 anne.smith@nera.com
Daniel Radov Director London +44 20 7659 8744 daniel.radov@nera.com
Dr. Paul Bernstein Associate Director Washington, DC +1 202 466 9216 paul.bernstein@nera.com
Scott J. Bloomberg Associate Director Washington, DC +1 202 466 9234 scott.bloomberg@nera.com
Jonathan Falk Associate Director New York City +1 212 345 5315 jonathan.falk@nera.com
Dr. Sugandha D. Tuladhar Associate Director Washington, DC +1 202 466 9206 sugandha.tuladhar@nera.com
Dr. William Baker Affiliated Consultant London +44 20 7659 8520 bill.baker.affiliate@nera.com
Mike King Affiliated Consultant Denver
San Francisco
Washington, DC
+1 303 357 4781
+1 303 618 4915
+1 303 618 4915
mike.king.affiliate@nera.com
Dr. W. David Montgomery Affiliated Consultant Washington, DC +1 202 466 9294 w.david.montgomery.affiliate@nera.com
Graham Shuttleworth Affiliated Consultant London +44 20 7659 8654 graham.shuttleworth.affiliate@nera.com
Michael Spackman Affiliated Consultant London +44 20 7659 8660 michael.spackman.affiliate@nera.com
Title Type Author
Impacts of Greenhouse Gas Regulations on the Industrial Sector Report By Dr. Paul Bernstein, Dr. Sugandha Tuladhar, Dr. David Montgomery, and Bharat Ramkrishnan
Economic Impacts of Major California Climate Change Goals Study By Dr. Paul Bernstein
Economics of US Natural Gas Exports: Should Regulators Limit US LNG Exports? Published Article By Dr. Paul Bernstein, Dr. Sugandha D. Tuladhar, et al.
Socio-Economic Impact Analysis of Alaska LNG Project Report Dr. W. David Montgomery, Robert Baron, Dr. Paul Bernstein, Dr. David Harrison, Meredith McPhail, Dr. Sugandha Tuladhar, Shirley Xiong, et al.