Prior to Government approving major resource-related development projects, regulatory bodies must be satisfied the potential impacts caused by the project are appropriately assessed and appropriate mitigation measures are in place in order to minimise these impacts and to leverage beneficial outcomes.
Many large proposed resource development projects are required to prepare an Environmental Impact Statement (EIS) before an environmental authority can be issued.
Economic Analysis is a fundamental component of an EIS and AEC has a strong track record and history of providing economic analysis to support EIS processes. We assist our clients in understanding the potential economic impacts their proposed resource developments will have on a regional, state and national economy level, while ensuring the analysis meets government requirements.
AEC provides our clients with:
Expert understanding of the Australian resources sector
AEC’s inhouse economic modelling capabilities
Vast experience in applying the latest EIS guidelines for economic assessment.
EIS requirements can vary from state-to-state, but typically include some combination of cost benefit analysis (CBA), local/ regional impact analysis (including modelling using techniques such as Input-Output (I-O) or Computable General Equilibrium (CGE)), and development of mitigation strategies to minimise impacts. Our tailored and flexible approach provides a reliable and robust economic analysis to support the decision-making process that provides detailed analysis around the benefits and impacts on the regional, state and national economy.
A list of some of the clients for which AEC has provided economic analysis to support an EIS for a resource project are outlined below.