<img src="//bat.bing.com/action/0?ti=5564067&amp;Ver=2" height="0" width="0" style="display:none; visibility: hidden;">

IMPLAN Blog

Extreme Heat: The Cost of Climate Change

Posted by Chandler West & Maria Lucas on July 23, 2024

This summer, the US Energy Information Administration (EIA) projects that residential customers will see their monthly electricity bills average $173 from June to August, up from last summer's $168. This 3% increase is due to households consuming an additional 30 kilowatt hours of energy each month compared to last year. Some estimates predict an even sharper rise, with costs expected to be 8% higher from June to September compared to the previous year.

The Energy Hardship Report by the Center for Energy Poverty and Climate and the National Energy Assistance Directors Association revealed that in March, 34.3% of households reported forgoing basic necessities to cover their energy bills at least once in the past year. To understand the impact of rising cooling costs, we assume that 34.3% of American households, or nearly 44 million households, will reduce non-electricity spending by 3% from June to August.

Read More

Topics: Data, Economics, Environmental, Methodology

Tripling Nuclear Energy Capacity in the United States: The Impact of Converting Coal Power Plants to Nuclear

Posted by Chandler West & Maria Lucas on June 25, 2024

The United States made a significant commitment during COP28 (The 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC) late last year by endorsing the declaration to triple its nuclear energy capacity by 2050. This ambitious goal aligns with the U.S. Department of Energy's (DOE) projections for reaching net-zero emissions in the next 26 years.

A key strategy to achieve this goal involves converting existing coal power plants to advanced nuclear plants. The DOE has identified 315 coal power plant sites as suitable for such conversions, including 125 recently retired plants. This approach could significantly cut construction costs, address job security for the current energy workforce, and advance environmental justice.

Read More

Topics: Economics, Environmental, Energy, Impact

Exploring the Intersection of Climate Risk Assessment and Economic Analysis with IMPLAN

Posted by Chandler West on February 29, 2024

Did you know IMPLAN’s data can help you measure the impact of climate change on specific regions and industries?

Read More

Topics: Economics, Environmental, Risk Assessment

IMPLAN and Renewable Energy: Understanding Offshore Wind Tax Credits

Posted by Chandler West on May 24, 2022

As renewable energies take center stage in political policies and public consciousness, IMPLAN is here to help you measure each project’s economic impact. Our recent post Resource Roundup: IMPLAN and Solar Energy focused on giving you the information you need to study the economic impact of a solar energy project. Much of that same information can also be applied to wind power projects. In today’s blog, we’re taking a look at the Offshore Wind Tax Credit Program and how IMPLAN can help you understand the economic impact of wind energy projects, whether you’re a developer, a state authority, or an accounting service provider.

Read More

Topics: Economics, Funding, Environmental, Energy, "Taxes", Impact, Economic Development

Resource Roundup: IMPLAN and Solar Energy

Posted by Chandler West on May 9, 2022

As more and more people recognize the importance of protecting our planet, renewable energies like solar energy are taking center stage, transforming our environment as well as our economies.

Read More

Topics: Economics, Environmental, Energy, Economic Development

What is Available in IMPLAN's Data Library?

Posted by Bjorn Markeson on March 27, 2020

IMPLAN’s academic roots created a continuing commitment to enhance and promote research into regional economies. To that end, we are making IMPLAN’s Data Library available in a convenient package for departmental, classroom, and library use. 

For nearly 20 years our Data Library has powered our I-O/SAM modeling software, and by making IMPLAN data more accessible, our goal is to promote new research and applications of data to inform decision making for regional economies.   

Read More

Topics: Data, Economics, Environmental, Methodology, Impact

Forces of Nature: The Economic Impact of Natural Disasters

Posted by Adam Smith on April 27, 2018

Since we’re currently in the middle of tornado season and on the heels of a prediction of an active 2018 Atlantic Hurricane Season, this would be an appropriate time for a discussion on natural disasters.

I’ve seen first-hand the destruction of natural disasters. I experienced Hurricanes Fran and Lloyd, plus the 2011 Super Outbreak of tornadoes while living in North Carolina and Alabama, respectively. It doesn’t take long after surveying the debris and downed trees or hearing the stories of survivors to realize the emotional and physical impacts of these events. But one thing that’s often talked about but harder to pin down is the economic impacts from nature’s fiercest displays of force.

That being said, let’s pose the question: “What results and trends can we expect when a natural disaster event occurs in a given region?” Seems simple enough, right? Well, the answer might be a little more complex than you’d expect.

Read More

Topics: Natural Disasters, Environmental

Why IMPLAN?

Put simply, IMPLAN is built for everyone.

Together, our software and data give you a window into your region of study — like one gigantic transaction log for the local economy. Chances are that if your project or business has a financial component, then IMPLAN can reveal some sometimes surprising detail about how your project relates to the local, state, or national economy.

What used to take economists weeks can be done in minutes. By anyone!

But you're not alone, IMPLAN's best benefits go beyond the work done in the tool:

  • Easy to learn and use
  • Outstanding customer support
  • Access to orientations, trainings, and project consultations
  • Instills confidence in your analyses

Book a Demo

Recent Posts