Economics and Future Scenarios

Understanding of bushfire impact on human communities, the environment and the economy is limited and, in some cases, anecdotal at best .

Understanding of this under future alternate scenarios of climate/global change are largely lacking because the scenario and economic modelling have been undertaken independently.

Thus policy and decision-making is not fully informed.

The challenge is to do rigorous work in a new area, involving a synthesis of scenarios and economics, that will contribute enhanced solutions to fire, which is a multi-stakeholder, multi-scale, multi-variable problem.

Expected outcomes

• Better insight into a range of alternate future fire scenarios
• Insights into key examples of likely economic consequences
• Facilitation of significantly improved decision making/policy among a range of stakeholders and within specific ‘industries’ (e.g. insurance, water)
• Enhanced mutual understanding between fire modelling groups, and between science, economics and policy communities
• Peer-reviewed, published science on the interaction between fire scenarios and economic consequences