Flood risk management: Property rights-focussed instruments in Australia

摘要

Flood-prone areas are more often than not held under private property rights. Hence, the purpose of this research is to highlight how crucial private stakeholders are to the effectiveness of any instrument for flood risk and hence directly impact on the effectiveness of flood management and yet, private property rights are rarely highlighted in such schema. Additionally, the location of flood-prone areas upstream or downstream provides an important impulse for the selection of the appropriate instrument to achieve flood risk management.