BOSTON, March 4, 2019 /PRNewswire/ -- Analysis Group, one of the largest international economics consulting firms, announced that Senior Advisor Susan F. Tierney, Ph.D., will testify during tomorrow's hearing before the US Senate Committee on Energy and Natural Resources on trends in the US electric industry that are affecting emissions of greenhouse gases.
It has become well understood that the US electric power system is undergoing a major transition, driven predominantly by low natural gas prices that have led to increased use of gas for power generation. Declining costs of wind and solar projects, along with flat demand―even as the economy has grown―have also had significant impacts on the changing resource mix for electricity generation.
"The Committee's jurisdiction over research and development activities at the Department of Energy positions it to play an important role in helping to solve the climate challenge," said Dr. Tierney. "As the Committee focuses its spotlight on climate solutions, it will be important to avoid adopting prematurely narrow technological solutions, such as hard-and-fast commitments to renewable-only solutions, and instead create options for the many different technologies and strategies that will be needed to allow Americans to prosper in a low-carbon economy."
The hearing will explore the latest evidence, trends, and background ahead of future hearings to explore what can be done to stem further impact of a changing climate. Dr. Tierney's testimony will include an overview of the latest data reflecting the evolution of the electric industry, such as:
- A substantial shift in power generation and capacity by source since 1990, resulting in a changing reliance on different fuel sources
- A decline in electricity payments relative to gross domestic product and personal income
- A reduction in power-sector emissions due to consumption preferences and production diversity
- A shrinking gap between projected emissions and estimated reductions across current policies
The hearing will be held on Tuesday, March 5, 2019, at 10:00 a.m. EST in Room 366 of the Dirksen Senate Office Building in Washington, DC. A live webcast will be available on the committee's website, and an archived video will be available shortly after the hearing concludes. Witness testimony will be available on the website at the start of the hearing.
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About Analysis Group
Analysis Group is one of the largest international economics consulting firms, with more than 950 professionals across 14 offices in North America, Europe, and Asia. Since 1981, we have provided expertise in economics, finance, health care analytics, and strategy to top law firms, Fortune Global 500 companies, and government agencies worldwide. Our internal experts, together with our network of affiliated experts from academia, industry, and government, offer our clients exceptional breadth and depth of expertise.
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SOURCE Analysis Group