For emerging and evolving technologies, a clear understanding of economic and legal implications is critical
Analysis of Emerging Technologies and Practices
Driven by the increasing uncertainty and cost of climate change and other environmental issues, innovators continuously develop, adapt, and improve technologies that can help government and industry tackle environmental challenges. Examples include geological carbon capture and storage, terrestrial carbon sequestration monitoring and measurement, photovoltaic technologies, biofuels, machines that collect waste and pollutants from waterbodies, open air carbon dioxide removal, and pumped hydro energy storage.
In the private sector, companies and industries must identify the strategies that will help them achieve their environmental and operational objectives at least cost and within legal parameters. They must balance short-term investments against payback periods, expected future regulations, and long-term cost-effectiveness.
Policymakers also need to understand the costs and barriers to the deployment of new and improved technologies so that they can establish the most appropriate and effective regulations and policies. For example, many water pollution effluent limitations are based on technological and economic achievability.
Based on individual clients’ objectives, budgets, and priorities, our approach can encompass an array of analytical and research methods including company-specific model design and execution, comprehensive literature review, local-, state-, regional-, national-, and global-scale economic modeling of the direct, indirect, and tertiary impacts of novel technology deployment, and cost optimization given multiple options and a range of uncertainties. We carefully build our analyses to accommodate rapidly evolving market conditions, changing assumptions, and uncertainties in key parameters, and we develop clear communication around our analyses tailored to our clients’ needs, their stakeholders, and the public.
The GTSI team has more than three decades of experience in the analysis of emerging technologies, including research on the economics, law, policy, design, and project assessment of terrestrial and geological carbon sequestration. We have developed models that allow our clients to evaluate and compare options for meeting air pollutant emissions standards given available technologies, and we have conducted a broad range of analyses comparing the economic impacts of different technology-based environmental regulations.