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There exists a confounding variety and breadth of estimates relating to the cost of weather related disasters in Victoria and Australia. To the question “How much do disasters cost Victoria?” there is unfortunately no single answer. This paper provides a suite of estimates, each important...
This report has outlined the main tools available to economists for establishing estimates of the costs of climate change. The challenges are compounded by issues such as: the valuation of intangibles; distribution and equity considerations; discounting; deep uncertainties; and, the difficulty of incorporating low probability/high...