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Project A.1 – Economics

Project A.1 – Economics. David Pannell University of Western Australia (project leader). What’s it about? . Focus on Values Trade-offs Value for money Policy design Integration Decision making. The researchers. UWA David Pannell (project leader) James Fogarty (sub-project leader)

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Project A.1 – Economics

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  1. Project A.1 – Economics David Pannell University of Western Australia (project leader)

  2. What’s it about? • Focus on • Values • Trade-offs • Value for money • Policy design • Integration • Decision making

  3. The researchers • UWA • David Pannell (project leader) • James Fogarty (sub-project leader) • Ben White • Steven Schilizzi • Fan Zhang (post-doc) • SayedIftekhar (post-doc) • M. Polyakov (post-doc) • Roslyn Wood (PhD) • Another PhD • Monash • Lata Gangadharan (sub-project leader) • Paul Raschky • Anke Leroux • Post-doc (newly arrived from the US) • 2 PhDs (not yet appointed)

  4. Engagement so far • Melbourne Water (Vic) • Office of Living Victoria (Vic) • Mooney Valley City Council (Vic) • Manningham City Council (Vic) • Warringah Council (NSW) • Fairfield City Council (NSW) • Water Corporation (WA) • Department of Water (WA) • Economic Regulatory Authority (WA) • Swan River Trust (WA) • CSIRO

  5. Progress • Literature reviews • Valuation of environmental intangibles (surveys, stats on house prices) • Risk attitudes and water (experiment) • Risk analysis of water portfolios (model) • Policy mechanisms (experiment) • Econ analysis case studies (rainwater tanks) (BCA) • Economics module for DANCE4Water • Case studies for future work selected

  6. Current system Differencein outcomes (Reliability, Flooding,Flexibility,Cost saving,Environment,Social capital,Aesthetics,Resources extracted) Resources (Infrastructure, Education, Communication, Planning, Admin, Legals, Regulation, etc.) Implement-ation Behaviour change Values(Tangible +Intangible) (Benefits) (Costs) Alternative system (Risks) (Time lags)

  7. A.2 and D Current system Differencein outcomes (Reliability, Flooding,Flexibility,Cost saving,Environment,Social capital,Aesthetics,Resources extracted) Resources (Infrastructure, Education, Communication, Planning, Admin, Legals, Regulation, etc.) Implement-ation Behaviour change Values(Tangible +Intangible) (Benefits) (Costs) Alternative system (Risks) (Time lags)

  8. Current system A.3 Differencein outcomes (Reliability, Flooding,Flexibility,Cost saving,Environment,Social capital,Aesthetics,Resources extracted) Resources (Infrastructure, Education, Communication, Planning, Admin, Legals, Regulation, etc.) Implement-ation Behaviour change Values(Tangible +Intangible) (Benefits) (Costs) Alternative system (Risks) (Time lags)

  9. Current system B Differencein outcomes (Reliability, Flooding,Flexibility,Cost saving,Environment,Social capital,Aesthetics,Resources extracted) Resources (Infrastructure, Education, Communication, Planning, Admin, Legals, Regulation, etc.) Implement-ation Behaviour change Values(Tangible +Intangible) (Benefits) (Costs) Alternative system (Risks) (Time lags)

  10. Current system C Differencein outcomes (Reliability, Flooding,Flexibility,Cost saving,Environment,Social capital,Aesthetics,Resources extracted) Resources (Infrastructure, Education, Communication, Planning, Admin, Legals, Regulation, etc.) Implement-ation Behaviour change Values(Tangible +Intangible) (Benefits) (Costs) Alternative system (Risks) (Time lags)

  11. Current system A.1 Differencein outcomes (Reliability, Flooding,Flexibility,Cost saving,Environment,Social capital,Aesthetics,Resources extracted) Resources (Infrastructure, Education, Communication, Planning, Admin, Legals, Regulation, etc.) Implement-ation Behaviour change Values(Tangible +Intangible) (Benefits) (Costs) Alternative system (Risks) (Time lags)

  12. Current system All Differencein outcomes (Reliability, Flooding,Flexibility,Cost saving,Environment,Social capital,Aesthetics,Resources extracted) Resources (Infrastructure, Education, Communication, Planning, Admin, Legals, Regulation, etc.) Implement-ation Behaviour change Values(Tangible +Intangible) (Benefits) (Costs) Alternative system (Risks) (Risks) (Time lags)

  13. Other connections within the CRC A A3.2 Regulatory framework A4.3 DANCE A2.2 Behaviour A1 Economics B C D C1 Innovative technologies D2.1 Practitioner capacity B4.1 Urban flooding

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