End User representatives
With limited budgets, it is essential that decision makers know which strategies for managing natural hazards offer the best value for money, and how best to value social and environmental benefits.
The project tackles from an economics perspective issues relating to nonfinancial benefit estimation, risk analysis, and development of decision-making frameworks that will help deliver value for money from public investments in natural hazard management. It aims to improve the management of bushfires and other natural hazards by delivering the following outcomes:
- Improved recognition of non-financial benefits of management and policy for natural hazards, influencing decisions about budget levels and about management and policy options.
- Improved decision-making about management and policy options considering the full range of relevant factors (technical, social, economic, environmental, policy).
- Improved quality of economic analysis throughout the sector, resulting in stronger and more defensible analyses, and stronger support from Treasury.
The project is actively engaged with agencies from South Australia, New South Wales, Tasmania, Victoria and Western Australia, with case studies on planned burning in the south west of Western Australia and on flood mitigation in the water catchments around Adelaide. The researchers led a workshop and presented at the Australasian Natural Hazards Management conference in Perth in 2015.
|2016||Conference Paper||Non-market valuation in the economic analysis of natural hazards. AFAC16 (Bushfire and Natural Hazards CRC, 2016).|
|2016||Conference Paper||Research proceedings from the 2016 Bushfire and Natural Hazards CRC and AFAC conference. Bushfire and Natural Hazards CRC & AFAC annual conference 2016 (Bushfire and Natural Hazards CRC, 2016).|
|2016||Conference Paper||Integrated economic assessment of flood management options for Adelaide. AFAC16 (Bushfire and Natural Hazards CRC, 2016).|
|2016||Report||Economics of natural hazards: Annual project report 2015-2016. (Bushfire and Natural Hazards CRC, 2016).|
|2015||Report||Economics of natural hazards: Annual project report 2014-2015. (Bushfire and Natural Hazards CRC, 2015).|
|2015||Report||Economics of natural hazards annual project report 2014. (Bushfire and Natural Hazards CRC, 2015).|
|27 Mar 2014||Economics of natural hazards||891.55 KB (891.55 KB)||economics, emergency management, prescribed burning|
|10 Apr 2015||Economics of Natural Disasters 2015 NSW RAF Presentation||618.22 KB (618.22 KB)||economics, multi-hazard, policy|
|17 May 2016||Economics of Natural Hazards||14.46 MB (14.46 MB)||economics, emergency management, multi-hazard|
|30 Aug 2016||Non-market valuation in the economic analysis of natural hazards - Atakelty Hailu||1.03 MB (1.03 MB)||economics, mitigation, multi-hazard|
|30 Aug 2016||Integrated economic assessment of flood management options for Adelaide - Atakelty Hailu||1.48 MB (1.48 MB)||decision making, economics, flood|
|27 Oct 2016||Economics and strategic decisions - cluster overview||0 bytes (0 bytes)||decision making, economics, policy|
|15 Dec 2016||What can economics offer emergency services?||891.78 KB (891.78 KB)||decision making, economics, policy|
The project tackles a range of economics issues, including estimation of non-financial benefits from hazard reduction, risk analysis, and development of decision making frameworks that would help deliver value for money from public investments in natural hazard management.
Natural disasters impact many things that people value: life, health, belongings, poprerty, essential services and the environment. Quantifying the cost of a natural disaster or the benefit from mitigation often excludes some of these things, because their values are not easily measureable.
|Scientific diversity, scientific uncertainty and risk mitigation policy and planning||Dr Jessica Weir||Western Sydney University|
|An analysis of building losses and human fatalities from natural disasters||Dr Katharine Haynes||Macquarie University|
|Using realistic disaster scenario analysis to understand natural hazard impacts and emergency management requirements||Dr Thomas Loridan||Macquarie University|