EnviroEconomics has been working at the forefront of GHG mitigation policy for a number of years. We are the lead authors of a number of seminal Canadian reports on carbon pricing (here and here) and have published widely on the design of carbon policy and its impact on competitiveness (here and here). We have been working in developing countries on mitigation policy and GHG inventories (here and here).
Recent work looked at how federal sector-by-sector GHG regulations could be designed to include the flexibility and cost-effective inherent in carbon pricing.
We are also working on adaptation economics.
In a sense, adaptation is finally becoming a full partner in climate change policy, where methods and approaches are needed to identify adaptation options that reduce future climate risks at the least cost (here). EnviroEconomics is developing integrated mitigation and adaption approaches to shape policy that minimizes long-term risks and supports the transition to a low carbon and climate resilient future.
Air, water and waste for cleaner environments
EnviroEconomics has conducted dozens of cost benefit analyses to support regulatory impact assessments in air, water and toxics policy and are experts in the development of marginal abatement cost curves and the design and evaluation of emission reduction strategies.
We apply technical expertise, modelling and rigorous analysis to estimate external costs and determine the extent to which prices need to rise to help control air, water and waste pollution.
We assess how policy can drive innovative financing to leverage private investment. Understanding institutional capacity, administrative functions and political realities is central to managing air, water and waste for cleaner environments.
To meet our conservation goals, we know environmental goods and services need to be valued and have a price. EnviroEconomics is focused on developing policies that signal to financial and consumer markets the real value of environmental and goods and services. While strong backstop regulations ensure minimum quality standards, pricing can signal that ecosystem goods and services are scarce and continuous improvement is needed.
We know from experience that valuing conservation outcomes can be a challenge for policy makers. In the absence of an observable market price for ecosystem goods and services, resource intensive and complex valuation techniques are often needed to reveal the intangible economic value of conservation initiatives.
EnviroEconomics avoids many of the pitfalls inherent in placing a value on conservation outcomes by relating economic assessments more closely to the costs of restoring ecological goods and service.
When socio-economic values are needed, EnviroEconomics complements economic valuations with a narrative to highlight the full range and significance of expected conservation outcomes.