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In 2014, Synapse worked with Regional Economic Models, Inc. (REMI) on two projects to integrate Synapse’s in-house version of ReEDS, a detailed electricity sector optimization model develop by NREL, with REMI’s macroeconomic analysis tool, PI+. This integration gives a high-resolution view of the effect of changing energy prices and investment decisions on job creation, GDP, and income, as well as differential impacts by income group, industry, or region. Synapse and REMI analyzed both a nationwide and a Massachusetts-specific carbon tax.

The EPA’s proposed Clean Power Plan allows states the flexibility to collaborate with each other to develop plans on a multi-state basis to meet compliance targets. State agencies and advocates examining such opportunities for cooperation can use Synapse’s Clean Power Planning Tool (CP3T), now with multi-state functionality, to analyze the challenges and opportunities associated with regional compliance.