|Title||Economics of natural hazards annual project report 2014|
|Year of Publication||2015|
|Institution||Bushfire and Natural Hazards CRC|
The project tackles from an economics perspective issues relating to non-financial benefit estimation, risk analysis, and development of decision making frameworks that would help deliver value for money from public investments in natural hazard management. It has a broad scope in terms of natural hazards, including fires, earthquakes, floods, cyclones and tsunamis. It aims to improve the management of bushfires and other natural hazards by delivering the following outcomes:
The research team has extensive experience non-market valuation, integrated modelling and the economics of environmental and natural resource management and policy. The integrated modelling work builds on our previous work on prescribed burning where we developed powerful approaches for evaluating the value for money offered by alternative management and policy options. For the valuation related work, we have recruited four outstanding environmental economists with extensive experience and high expertise in valuation to be collaborators in this research: Professor Peter Boxall (University of Alberta, Canada); Professor John Rolfe (Central Queensland University); Professor Rob Johnston (Clark University, USA); and Professor Nick Hanley (University of Sterling, UK).