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Economic Impacts of Drought in England - WT0987

This report is part of Defra’s Water Availability and Quality Research Programme. Its objective is to support the Department’s work on the management of limited water resources during droughts and in particular to add to its capability to analyse the impacts of management decisions in future droughts.
The project will comprise two parallel Workstreams. Workstream 1 is essentially a baseline assessment and is concerned with understanding the costs imposed on the wider economy of drought, using the experience of the current event (and including the impact of likely management measures from the current policy “toolkit”).

Workstream 2 requires the construction of an economic model in Microsoft Excel to enable the costs or savings (benefits), relative to the baseline established in Workstream 1, of alternative drought management measures to be estimated. As far as possible, Workstream 2 should be conducted in parallel with Workstream 1, though finalising the model will depend on the outcomes of Workstream 1.
Project Documents
• FRP - Final Report : Economics of drought final report   (2865k)
• SUP - Supplementary Report : MODEL BACK END 120313   (2550k)
• SUP - Supplementary Report : MODEL FRONT CONTROL 120313   (3071k)
Time-Scale and Cost
From: 2012

To: 2012

Cost: £133,485
Contractor / Funded Organisations
Vivid Economics Ltd