The European Commission proposed a broad slate of testing requirements for chemicals sold in the European Union. The new regulations, known as REACH (Registration, Evaluation and Authorization of Chemicals), would have required all substances produced in quantities greater than one ton annually to undergo a testing and registration process. The French chemical sector was interested in demonstrating the potential effects of REACH on the French national economy.
NERA worked with Regional Economic Models, Inc. (REMI) to develop a REMI model for the French economy. Using the REMI model and inputs from a detailed analysis by Mercer Management Consulting, NERA evaluated the potential economic impacts of REACH on the French economy.
NERA’s study was presented to the European Commission, and the proposed legislation has since been modified to reduce the economic impacts on the economy.