Improved decision support for natural hazard risk reduction

Natural hazards are an unavoidable component of life in Australia. Analysis shows the average cost of natural hazards in 2015 totalled $9.6 billion, and this figure is projected to increase to $33 billion by 2050. These figures correspond to a substantial impact and coupled with the social and environmental impacts of disasters, paint a bleak picture. However, tomorrow’s risk is a function of today’s decisions, and with effective adaptation planning there is significant scope to minimise tomorrow’s impacts. To support improved understanding of future risks and testing of adaptation solutions this project is working on mechanisms to better inform decision making with quantitative tools by working with multiple government agencies.