Economics and Policy
The foundations of sustainability involve understanding and managing economic, social and environmental risks and opportunities. Identifying and managing economic risks and opportunities across all key stakeholder groups (including but not limited to shareholders or investors) delivers sustainable growth and performance as well as a competitive advantage. Economics provides frameworks to inform decisions and choices.
Net Balance's Economics and Policy team provides our clients with analyses and tools steeped in sound and holistic economic approaches to support their decision making.
Below are some examples of the work we have done for our clients.
NSW Office of Environmental Heritage
Net Balance worked with the NSW Office of Environmental Heritage to develop a framework for local governments to project renewable energy investment options. We modeled the financial impacts of all renewable energy sources so that they could successfully invest for a sustainable future. Our energy budgets framework was applied in developing a clean energy toolkit to guide regional NSW councils through the scoping and decision making process for energy efficiency and clean energy investment. We developed an interactive online tool that allowed users to engage in the process of developing a robust economic business case under the uncertainty of rising future electricity prices. Energy budgets analysis was embedded in the toolkit through a set of price scenarios that made it possible to communicate risk in traditional project evaluation metrics.
Brisbane City Council
Net Balance built a sophisticated economic model to assist Brisbane City Council in evaluating the business case for over 40 potential clean energy, energy efficiency energy and carbon abatement projects. Our application of Monte Carlo analysis provided the council with a set of investment prioritisation and risk management tools to refine their energy abatement strategy and support capital investment decisions.
We were commissioned by Sustainability Victoria to analyse the current conditions and opportunities for developing markets for a range of recycled non-organic materials. Our team's experience in evaluating the dynamics of complex environmental markets provided Sustainability Victoria with insight into the market dynamics, risks, trends and market development opportunities that could be influenced through the design of their future programs. The outcomes of work was used by Sustainability Victoria develop a $550,000 Timber Recycling fund.
Royal Automobile Club of Western Australia
Net Balance developed an integrated business case and marginal abatement cost curve tool for the Royal Automobile Club of Western Australia (RACWA). The purpose of the tool was to build internal capacity to evaluate and understand the value of energy efficiency opportunities. We combined robust economic modelling with a human-centric approach to design that encouraged engagement and uptake of the tool throughout the organisation. This work was recognised in RACWA‘s award as the CitySwitch National Signatory of the Year 2012.