Water economics and policy
About
Our economic analysis enables better outcomes for the economy, the environment, and all water users. We work with government agencies, communities and organisations to support the efficient and equitable allocation of water through pricing, markets, regulations and policy reforms.
Water management involves the interaction between water users and 3 types of infrastructure: grey or hard infrastructure, such as dams; green infrastructure, such as rivers and wetlands; and soft infrastructure, such as policies, regulation, markets and cultural norms.
We examine the results of these interactions by using modelling, statistics and other analytical tools. This analysis increases transparency in decision making by estimating the costs and benefits of different courses of action. Environmental valuations are particularly important to ensure the benefits of green infrastructure are included in decision making.
Economic analysis enables us to identify gaps in existing policies and to address unsustainable water management. It also enables us to better understand the investments required across grey, green and soft infrastructure. This is becoming even more important with climate change, to ensure all the components of our water infrastructure systems are resilient to changes in rainfall and temperature.
Capabilities
- Economic and risk assessment
- Hydro-economic modelling
- Environmental valuation
- Econometric and statistical analysis
- Policy analysis and design