The field of climate change adaptation economics is in its infancy and is currently grappling with the complex interactions and uncertainties that confound estimates about the probable costs, benefits and distribution of climate change impacts and adaptation options.

While private or autonomous adaptation will play a major role in climate change adaptation in Victoria, there exists sites where government intervention is justified. Government intervention is required when autonomous adaptation will not achieve the social optimum due to market failures or information asymmetries (Osberghaus et al 2010) which lead to inefficiency in autonomous adaptation.

Five CSOs and PCPs participated in the tools-testing phase of the project. The Grampians and Pyrenees Primary Care Partnership was one of the five organisations which aimed to gain a better understanding of how identified climate change adaptation needs can best be responded to using existing decision-support tools.

Victorian business and industry play an important part in the Australian economy, producing almost one quarter of the nation's GDP. Ensuring long-term economic sustainability requires that overall productivity is maintained and that key industry sectors continue to grow. Understanding how this can be achieved on a sector-by-sector basis, requires an appreciation of the changing threats...

This report comprises an initial identification of relevant legal and regulatory frameworks in respect of selected climate risks and extreme events. It examines general legal, institutional and governance implications in terms of fostering effective adaptation to climate change impacts and for the management of natural disaster risk within Victoria.