This synthesis report provides a summary of the research activity and conveys the key findings arising from the 18 month ‘Framing Adaptation in the Victorian Context’ project undertaken between 2010 and 2012.

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 impact events.

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 within their own context, and each with their own caveats.

This guide can support all levels of government, irrespective of sector, in working out how climate change impacts may affect their respective services and programs, and how to best prepare for and respond to current and future climatic changes

This report is a review of current literature and research on climate change projections, impact, vulnerability, adaptation, energy futures and carbon economies in remote Australia.