What Can Economics Offer Emergency Services

The Bushfire and Natural Hazards CRC has released its final Hazard Note of the year, asking the question “What Can Economics Offer Emergency Services?”

Natural hazards are, of course, a costly affair, yet mitigation options are not free from cost either. Building a compelling case for the risk-reducing and financial benefits of mitigiation options are essential to improve their likelihood of implementation.

The Hazard Note describes four key studies related to the costs and benefits of risk reduction strategies, including

  • 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

Download the Hazard Note for more about this important research. And, you can find out more about the importance of economics in emergency services with this video, featuring Professor Holger Maier.

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