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We provide expert advice on energy. Principal economics are experts in the field of energy economics with experience in developing and adopting economic models assessing energy issues in New Zealand.
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Housing
Housing depends on a range of factors, including affordability, location of jobs and preferences
Our team at Principal Economics encompass a unique combination of knowledge, experience, and skills suited for solving spatial and urban development and housing issues.
Infrastructure
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We assist our clients in identifying the primary and secondary impacts of infrastructure investments.
Tourism
Valuing the direct and indirect benefits and costs of tourism
We have used different data sets alongside with our tourism modelling capabilities for evaluating the impact of a range of investments and policy initiatives in the tourism sector.
Regulatory Economics
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Accessibility is the potential for interaction with locations dispersed over space
Our team currently lead some of the most important transport policy topics. This includes providing expert advice on transport equity, emission reduction policies and decision making under deep uncertainty.
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Economic impact analysis
Making decisions in uncertain times needs precise understanding of the costs and benefits. We can assist by identifying fiscal, economic and wellbeing benefits from your investment decision or policy intervention.
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In the rapidly changing global economy, it is increasingly essential to have a comprehensive understanding of macroeconomic dynamics and conduct a robust analysis of the economic environment to make informed strategic decisions.
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Our team have led business cases for a range of sensitive topics.
About Us
Our consultancy services are driven by the questions of clients, informed by robust evidence, shaped in collaboration with stakeholders, rooted in multi-deciplinary approaches and guided by principles of Economics.
About Us
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Economic Impact of New Zealand's Second Emission Reduction Plan
CGE modelling of ERP2
This report uses CGE modelling to estimate GDP, employment and distributional impacts of the Emissions Reduction Plan 2 (ERP2), which delineates Aotearoa New Zealand's strategy to attain its emissions reduction objectives for the 2026-2030 period, alongside setting a path towards achieving long-term emissions reduction objectives.
Climate change adaptation and investment decision making
Aotearoa New Zealand suffers from an infrastructure deficit. Without the key infrastructure needed now for our economy to thrive, we deprive future generations from significant economic prosperity.
Review of Housing and Business Development Capacity Assessments
The Ministry for the Environment (MfE) appointed Principal Economics to review the Housing and Business Development Capacity Assessments HBAs). Our review included all councils’ HBAs, except for Rotorua and Wellington, which were not available at the time of this review.
Incorporating distributional impacts (equity) into the CBA framework
Transportation decisions can have large and varied impacts on travellers and their communities. It’s important to measure these effects and consider their impact on various groups when planning projects.
Business Development Capacity Assessment for Dunedin City
Dunedin City Council appointed Principal Economics to provide a comprehensive assessment of the sufficiency in development capacity of business land within Dunedin to fulfils requirements of the the National Policy Statement on Urban Development
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Read inspiring publications that challenge conventional thinking by reframing current issues, igniting fresh conversations, and discovering innovative solutions.
Emission reduction initiatives
We provide a comprehensive summary of potential policy areas suitable for emissions reduction. This inludes a review of policy areas including active transport, mobility as a service, ridesharing, telework, parking pricing, road user pricing, carbon taxes and more.
Drivers of House Price Growth
We provide an extensive review and test the factors of housing price growth in New Zealand. We assessed the level of agreement and certainty with the source of house price growth over the last fifty years.
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Transport equity
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Our team
Dr Eilya Torshizian
Eilya is the Director of Principal Economics. Eilya brings to the projects a unique combination of knowledge, experience, strong leadership and management skills. Eilya is experienced in managing large teams of applied researchers and has led a wide range of high-profile infrastructure projects in New Zealand.
Eugene Isack
Eugene has over a decade experience in the economics and planning consulting and is experienced in data analysis and transport and economic modelling, with specialised skills in geographic information systems (GIS), big data analysis, and is a registered Statistics IDI researcher.
Alina Fehling
Alina is experienced in data analysis and is interested in welfare, inequality and trade topics.
Ruyi Jia
Ruyi is specialised in economic modelling and data analysis, with a keen interest in advancing the energy sector in New Zealand.
Phil Donovan
Phil has over a decade consulting experience in the areas of transport, planning and economics. He is experienced in data analysis and a range of modelling, with specialised skills in programming and reproducible analysis with tools such as R, Python, SQL, Git(Hub), Docker, big data.
Prof. Robert MacCulloch
Robert MacCulloch holds the Matthew S. Abel Chair of Macroeconomics at Auckland University. He is a native of New Zealand and working at the Reserve Bank of New Zealand before completing his PhD in Economics at Oxford University in the UK.
As part of global efforts to limit warming to 1.5°C, most countries, including New Zealand, have ambitious climate emission reduction targets. In New Zealand, the Climate Change Response Act (2002) requires all greenhouse gases to reach net zero by 2050. The current report provides detail on the identified transport policy levers to reduce emissions. In a parallel work, Waka Kotahi NZ Transport Agency commissioned Principal Economics to undertake research to assess how and to what extent generalised cost between private vehicles and public transport/active modes needs to change for mode shift to occur in New Zealand’s three largest urban areas.
The four categories of emission reduction policies identified are non-auto travel options, programmes for trip reduction, land use policies that reduce car travel demand, and policies that apply pricing. Our Emission Reduction Iniatives (ERI) knowledge hub provides a description for each policy, the type of travel it affects, the method for measuring each policy’s travel and emission effects, its secondary impacts and other available information. Other lists and summaries are available at SuM4all (2019), ITF (2022), Transportation for America & Smart Growth America (2020), VTPI (2020), Byars et al. (2017), California Air Resources Board (2014), International Energy Agency (n.d.). Summaries with Australian or New Zealand context discussed include Wallis (2016) and Carran-Fletcher et al. (2020).
The identified policies overlap and interact in various ways. Many have synergistic effects – they are more effective if implemented together. Some compete; for example, ride-hailing may attract travellers who would otherwise use cycles or public transport. As a result, these policies are generally more effective when developed as an integrated programme that includes the optimal combination of strategies that maximises benefits and minimises problems.
Cite this article
Principal Economics. (2023). Emission Reduction Initiatives Knowledge Hub. Report to Waka Kotahi New Zealand Transport Agency.