Environmental Economics

Climate Policy, Design, and Impacts

NERA has helped companies and governments understand the complex interactions among policies to reduce greenhouse gas emissions (and other emissions), promote renewable energy, and improve energy efficiency.
 
We work with companies to apply this understanding to their strategies, mitigate risks, and capitalize on potential opportunities. Using unmatched expertise, experience, and economic modeling capabilities, NERA experts analyze both the macroeconomic and microeconomic impacts of specific climate policies. This gives our clients a fuller understanding of the overall strategic implications of policies for their markets, their industries and companies, and their operations.
 
NERA has undertaken studies for numerous industries and individual companies to assess the impacts of regulations including US climate change proposals, EPA regulations, and the EU ETS. We also have developed marginal abatement cost curves for a wide range of sectors, including agriculture, refining, oil and gas, energy efficiency, and renewable energy. NERA experts have published widely on climate change, are regular speakers at major conferences, and have served as expert witnesses in litigation as well as for various government bodies.
 
Our deep understanding of the functioning of markets and expertise in emissions trading and other market-based environmental regulations has allowed NERA to help companies, governments, and numerous industries (including electricity, oil and gas, coal, refining, petrochemical, pulp and paper, iron and st eel, chemicals, aluminum, and cement) in developing and evaluating strategies for dealing with climate change. Our analysis and economic models clarify what is at stake for our client and what actions they should take as climate change policies are designed and implemented.