Rennie has launched a brand new financial modelling functionality geared toward serving to governments, trade and traders navigate Australia’s power transition, regional growth and long-term infrastructure wants.
Hitting the market beneath the model title ‘Recon’, the brand new financial mannequin is a full-stack, spatially detailed financial mannequin designed to provide 30-year projections of inhabitants, employment, trade output, housing demand and macroeconomic indicators – damaged down by sub-regions and by greater than 100 trade sectors.
In response to Rennie, the mannequin has been purpose-built to help selections in sectors dealing with main structural change, together with power, assets, infrastructure and housing.
“Governments and traders are more and more targeted on the regional and distributional impacts of Australia’s transition,” mentioned Eamon McGinn, who not too long ago joined the agency and leads the Economics providing. “They want modelling that’s sturdy sufficient for Treasury however sensible sufficient for real-time planning – particularly when assessing main decarbonisation and infrastructure methods.”
Offered as a light-weight, clear modelling choice, McGinn mentioned that Recon is able to producing fast forecasts and state of affairs testing throughout 1000’s of regional and sector mixtures. Its outputs embody GVA by sector and area, employment by ANZSIC Stage 4, ground house and housing demand projections, and forecast input-output tables at nationwide and sub-national ranges.
“Recon can help fast financial assessments and affords a complementary different for long-run planning and coverage growth.”
Economics enlargement
For Rennie, the mannequin extends its Economics providing and enhances its different providers that construct on financial modelling insights. The mannequin has as an example already been utilized in tasks involving decarbonisation, regional funding, and main venture enterprise instances.
CEO Simone Rennie mentioned: “The Economics providing is an thrilling a part of our new, built-in Economics, Reform and Sustainability service space – targeted on advising governments, trade and traders on coverage, reform and regulation to allow selections that ship financial development, social progress and sustainable affect.”
Rennie
The launch of Recon continues a interval of service line and choices development at Rennie. Over the previous yr, the personal equity-backed agency has grown to greater than 80 workers throughout capital advisory, coverage, power, infrastructure and reform. Its shopper base consists of federal and state governments, traders, and trade gamers working in regulated environments.
