NERA to Assist UK Government in Initial Allocation Plan; Economic Consulting Firm Continues to Help Shape Europe's Emissions Policies.Energy Editors/Business Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 28, 2003 NERA NERA National Economic Research Associates NERA Naval Enlisted Reserve Association NERA National Economic Research Association NERA National EMSC Resource Alliance NERA Northeast Redevelopment Area (Burien, WA) is pleased to announce that it will be the prime contractor for a new project to assist the UK Department for Environment, Food & Rural Affairs (Defra) in its development of the National Allocation Plan under the EU Emissions Trading Emissions trading (or cap and trade) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. Scheme (ETS ETS Educational Testing Service (nonprofit private educational testing and measurement organization) ETS Emergency Telecommunications Service ETS Electronic Trading System ETS Engineering (&) Technical Services ). For this endeavor, NERA Senior Vice President and Project Director Dr. David Harrison David Harrison may refer to:
SPRU Science Policy Research Unit SPRU Separations Process Research Unit SPRU Sociedade Promotora de Residências Universitárias (Lisbon, Portugal) SPRU Special Pathogens Reference Unit (Science & Technology Policy, University of Sussex). Scheduled to go into force on 1 January 2005, the ETS would be the world's first mandatory economy-wide greenhouse gas emissions trading scheme. The EU scheme is estimated to cover 40-45% of the EU's carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. emissions and therefore forms a key part of the European Climate Change Program. Under the proposed scheme, each member state is required to draw up a National Allocation Plan (NAP) that details the initial allocation of allowances to installations covered by the EU's directive. The NAP must be submitted to the European Commission for approval by 31 March 2004, and will be evaluated according to state aid rules and other criteria to be developed by the Commission. Combining extensive real world experience in emissions trading with a thorough understanding of relevant data, market conditions and EU policies, NERA's Project Team will develop specific allocation methodologies to help Defra choose among the large number of potential approaches. The team will also develop a user-friendly spreadsheet model that calculates specific initial allocation trajectories. About NERA Environment The NERA Environment Practice offers world-recognized expert advice on the economics of climate change and other environmental issues. NERA has unparalleled experience in the evaluation, design and implementation of emissions trading programs, including the emerging greenhouse gas trading program for the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community . NERA has helped governments, trade associations and firms estimate the effects of alternative climate change policies and the use of emissions trading; our work on climate change has been presented at major domestic and international conferences. About NERA NERA (www.nera.com) is a leading global economic consulting firm. Founded in 1961, its focus is on the practical application of economics to complex business and legal issues. Under the auspices of parent company Marsh & McLennan Companies, Inc., NERA operates with 500 professionals in 16 offices worldwide. NERA Economic Consulting For other uses of "Nera", see Nera_(disambiguation). NERA Economic Consulting is a firm consisting principally of microeconomists. It was founded as the National Economic Research Associates and forms part of the Oliver Wyman Group which in turn belongs to Marsh & McLennan is part of Mercer Inc., one of the world's largest consulting organizations. Together, the firms of Mercer Inc. have 14,000 employees in over 30 countries throughout the world. |
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