An investment decision support framework for water sensitive urban designs

Event Name An investment decision support framework for water sensitive urban designs
Start Date 14 Oct 2021 12:00 pm
End Date 14 Oct 2021 1:00 pm
Duration 1 hour
Description

In many cities and urban areas, policy makers and water utilities are facing challenges of meeting human and environmental demands for water. Traditional centralized water management systems are failing to tackle these challenges due to their single-sectoral nature. Water sensitive urban design (WSUD) projects have been proposed as an alternative due to their ability to generate multiple benefits, such as water quality, water quantity, aesthetics, urban cooling and biodiversity benefits. However, investment in such systems has been rather low due to the lack of ability to assess and monetize the multifunctional benefits of WSUD projects. In this presentation, Dr Sayed Iftekhar will describe the process of development, testing and application of INFFEWS (Investment Framework for Economics of Water Sensitive cities), an economic decision support system for investment in water sensitive designs that has been developed under the Cooperative Research Centre for Water Sensitive Cities. INFFEWS is based on a benefit cost analysis framework and consistent with the principles and guidelines of the Australian national and state governments. The frameworks could be applied to business case development and decision making at multiple levels in public and private sector organisations in Australia and other countries facing a similar situation.

ABOUT THE SPEAKER

Dr Sayed Iftekhar

Department of Accounting, Finance and Economics, Griffith Business School, Griffith University

Dr Sayed Iftekhar is an environmental economist with substantial experience in conducting research on mechanism design, natural resource management, environmental policies, and water management. He is proficient in using various economic tools, such as economic experiments, agent-based simulations, non-market valuation surveys and benefit-cost analysis. He is currently finishing an Australian Research Council’s DECRA Fellowship. He was the project leader of the recently completed CRC for Water Sensitive Cities’s Comprehensive Economic Evaluation Framework.

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