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What we do

Resilience and Disaster Risk Reduction

Overview

Understanding resilience

The impacts of extreme weather events are felt across infrastructure, housing, businesses, the natural environment and people and families.

There is an urgent need for action by governments, industry and communities to plan and invest to reduce disaster risk and build resilience in the face of a changing climate. These investments need to be made in ways which provide value (for example, opportunity, prosperity and service delivery) to people during stable periods, while also coping with impacts of extreme weather-related events as well as disruptions and shocks.

Resilience and Disaster Risk Reduction

Data | Analytics | GIS | Economic Analysis | Agile Decision Systems

In numbers

Why it matters

  • 2,460M+ reptiles, 181M birds, 143M mammals and 51M frogs affected in burnt habitats during the Black Summer bushfires (2019 to 2020)
  • $73 Billion forecast annual cost of damages in Australia by 2060
  • $38 Billion p.a. disasters cost the Australian economy (2021)
  • 92% of Australian Local Government Areas have been affected by at least one disaster since 2013

Framework

Enabling Resilience Investment (ERI) Framework

Value Advisory Partners, with CSIRO, have designed the ground breaking Enabling Resilience Investment (ERI) Framework that is unique within the market and supports efficient and cost-effective planning for, and investment in, disaster resilient built environments and infrastructure. The approach responds to the priorities identified in the National Disaster Risk Reduction Framework and National Action Plan 2. ERI identifies the need to pursue all collaborative financing and funding options for disaster risk reduction initiatives.

Benefits

Benefits of the Enabling Resilient Investment approach

  • Understand climate change risks and vulnerabilities to places, assets and service delivery, and identify mitigation options

  • Physical and financial sustainability of critical infrastructure and assets under a changing climate

  • Enhanced assessment of damages, losses, co-benefits and costs to prioritise adaptation and mitigation options and build the case for investment

  • Future land use, development and infrastructure plans informed by climate and hazard risks

  • Identify funding sources and pathways across both public and private sectors arising from resilient investment

Publications

Publications