News & Media

What can economics offer emergency services?

By: Bushfire and Natural Hazards CRC

Category: Planning & Research

  3.33 PM 15 December, 2016

Location: General

Views: 936

A better understanding of the economic costs of disasters and their risks, and the risk-reducing benefits of mitigation, can build a more compelling case that improves the likelihood of mitigation options being resourced and implemented.

Hazard Note 25 details the Economics and strategic decisions cluster of Bushfire and Natural Hazards CRC projects, which are focusing on developing the tools required to undertake sound analysis of the costs and benefits of different disaster risk reduction strategies. This cluster has four linked studies: 

  • Decision support system for assessment of policy and planning investment options
  • Economics of natural hazards
  • Mapping and understanding bushfire and natural hazard vulnerability and risks at the institutional scale
  • Pre-disaster multi-hazard damage and economic loss estimation model

In addition to the Hazard Notethis video features lead researcher Prof Holger Maier (University of Adelaide) and end-user Ed Pikusa (Department of Environment, Water and Natural Resources SA) outlining the aim of the cluster, while Prof Mehmet Ulubasoglu (Deakin University) explains a case study on the economic impacts of the 2010-2011 Queensland floods.

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Last Updated: 15 December 2016