Policy, strategy and economics

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.