Policy, strategy and economics
Evidence-based policy analysis on global environmental challenges
Our team of internationally recognised policy, economics and environmental experts have extensive experience in helping governments and international organisations to navigate the complex and ever-changing policy landscape.
From policy and needs analysis, in-depth modelling through to evaluating policy impact recasting and cost-benefit analysis, we offer a full range of consulting services to support your objectives.
Ricardo can support you with all your environmental policy, strategy and economic needs, helping you make informed decisions and drive positive change for the environment.
Policy, strategy and economic capabilities
Our team of experts provide the support to develop policies and strategies that demonstrably reduce the impacts of climate change. We'll suport you with problem analysis and needs assessment, definition of policy objectives and the related intervention logic development, identification of alternative future policy options, and position paper preparation.
We have decades of experience in supporting governments and organisations across the full life cycle of effective policy implementation. Our experts will support you in identifying the right resources, skills, and organisations to support your policy implementation. Our expertise includes managing implementation risks, developing pilot and demonstration programmes, and creating effective policy communication strategies and tactics.
Our policy experts and leading digital data modeling provide policy agenda setting insights that help governments and organisations stay ahead of future climate change challenges. Our evidence-based approach provides valuable insight into the challenges and opportunities of climate change. We leverage horizon scanning, research, powerful modelling and stakeholder consultation to identify emerging policy issues.
We support you to unlock the power of data-driven decision making with our expert development of decision matrices and assessment frameworks. We provide evaluation of the environmental, social, and economic impacts of alternative policy options, and model the projected future impacts against a defined baselines. Our experts help you make informed decisions for a sustainable future.
Our experts provide a robust approach to assess the effectiveness of existing policies and measures. Services include rapid evidence assessment, policy monitoring and impact assessment, cost-benefit analysis, and stakeholder consultation and engagement. We enable governments to understand the effect of their policies and evolve them to create impactful solutions.
Modelling the transition - 30 years of policy modelling
Ricardo's experts provide model-based assessment of the energy, macroeconomic and climate implications of energy, climate and sustainable development policies. We support policy analysis by employing detailed large-scale applied scientific models. These models are used to make projections and analyse complex issues requiring system wide considerations while providing support for energy and climate policy analysis.
By taking advantage of the vast experience of our experts in market design and regulation and power-gas economics, based on our dedicated power and gas markets economic and technical models we provide consulting services to power and gas companies, relevant associations, potential investors and regulators. Our tools enable analysis of the implications of policy interventions, the introduction of new market players, development of new transmission infrastructure and interconnectors on the operations of these markets and assess the economic performance of potential investments in generation and supply under a very wide range choice of assumptions via the elaboration of complex scenarios with short, medium- or long-term prospects.
We provide powerful digital modelling, combined with expert insights for the entire energy system to support critical infrastructure changes towards a low-carbon future. Our solutions is a comprehensive world energy model with innovative features for addressing future uncertainty in the availability of energy resources. The model produces projections of energy demand by sector (industry, domestic, transport), power generation (representing about 25 technologies), renewable energy sources, and hydrogen supply and use. The model also produces forecasts of energy prices.
We build advanced macroeconomic models that capture the inter-dependencies of all economic agents at a global scale. Our economic models are provides details on the macro-economy and its interaction with the environment and energy systems. The insights provided by our models allows for a consistent comparative analysis of policy scenarios through enabling the economic systems to remain in equilibrium.
Economic development has significant effects on the environment, our powerful digital modelling solutions enable robust estimates of the impacts on emissions, pollutants and resources and compute the impacts of shifting towards a more sustainable development. Our solutions model the impacts of both individual policies and combinations of policies on each sector of the economy. This provides detailed projections of energy demand, supply, prices and future investment covering the entire energy system. An important attribute of our models is the combination of behavioural modelling and engineering aspects, covering all energy sectors and markets.
Our specialist policy and modelling experts design and manage macro-economics and energy modelling capacity research projects for customers around the world.
Supporting long-term strategy development in Jordan
Development of a roadmap for the formulation of a Long-Term Low-carbon and Climate Resilient Strategy (LTS or 2050 pathway) for Jordan.
Accessing the market and technologies for methanol internal combustion engines
Ricardo was commissioned to assess the methanol propulsion market and technology, to allow the client to strategise their approach for product conversion, enabling methanol propulsion.
Initial assessment of the drivers and barriers to using sustainable fuels
Ricardo delivered a bespoke introduction to sustainable fuels applicable for the customer's yacht application. The study supported the customer’s strategic product planning activities enabling them to navigate the complexities of future options.
Helping you understand the challenges facing agriculture and implement sustainable solutions that deliver effective results.Learn more
Ricardo supports utilities, mining, resources, healthcare and the public sector to develop, deliver and manage their projects and assets.Learn more
Ricardo offers world-class technical consulting services to enable our customers to get the most from their products and services in the energy, transportation and manufacturing sectors.Learn more
Discover our latest policy news
Read the latest news about our policy and economics experts in action
Ricardo supports European Commission’s environmental legislation proposalsRead press release
Ricardo appointed by Defra to develop and maintain UK Air Quality Emissions Scenario Modelling ToolRead press release
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Our policy experts and economists are passionate about delivering impactful support to governments and private sector. Contact us to discuss how we can support you.