Creating Value, Delivering Impact
RESILIENCE & DISASTER RISK REDUCTION
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.
Data | Analytics | GIS | Economic Analysis |
Agile Decision Systems
Disasters cost the Australian economy $38 Billion p.a. (2021)
Forecast annual cost of damages in Australia by 2060 is expected to be $73 Billion.
92% of Australian Local Government Areas have been affected by at least one disaster since 2013.
2,460M reptiles, 181M birds, 143M mammals, and 51M frogs affected in burnt habitats during Black Summer bushfires (2019-2020)
Enabling Resilience Investment
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 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
“The Enabling Resilience Investment Approach in the Bega Valley project has helped us better understand the opportunities we have and potential risks, to create more resilient networks and communities. Through this project, our approach to seeking grant funding has been strengthened by broadening our perspective of the value of our projects and assets for our community. Working with different key stakeholders, we have been able to develop a shared understanding and vision. We’ve also strengthened capability in our Council, supported by systems and processes.”
CEO, Bega Valley Shire Council
