Thermal isolation: a novel pathway to transforming complex waste. This project aims to establish a novel pathway for transforming complex waste otherwise destined for landfill into valuable products and resources. By leveraging high temperature reactions, the team plans to thermally isolate useful carbons and silica from within automotive shredder residue (ASR) in situ, to produce activated carbon products and silica layers, and so completely recycle this bulk toxic waste for the first time. Suc ....Thermal isolation: a novel pathway to transforming complex waste. This project aims to establish a novel pathway for transforming complex waste otherwise destined for landfill into valuable products and resources. By leveraging high temperature reactions, the team plans to thermally isolate useful carbons and silica from within automotive shredder residue (ASR) in situ, to produce activated carbon products and silica layers, and so completely recycle this bulk toxic waste for the first time. Such innovative new pathways for separating out valuable materials from complex and toxic wastes offer industries an alternative low-cost and sustainable source of raw materials, while reducing pressures on landfills and finite natural resources.Read moreRead less
Extreme Value Theory Approaches to Insurance in a Catastrophic Environment. Recent decades are marked by numerous significant natural (climate change) or man-made (financial crises) catastrophes, which have significantly altered the landscape of the insurance industry. These have potentially significant negative impacts on the availability and affordability of insurance, and hence on the capability and capacity of households and businesses to take risks and be competitive. This project endeavour ....Extreme Value Theory Approaches to Insurance in a Catastrophic Environment. Recent decades are marked by numerous significant natural (climate change) or man-made (financial crises) catastrophes, which have significantly altered the landscape of the insurance industry. These have potentially significant negative impacts on the availability and affordability of insurance, and hence on the capability and capacity of households and businesses to take risks and be competitive. This project endeavours to establish progressive approaches (using extreme value theory) to the challenges faced by insurance in such a catastrophic environment. They will enhance the financial stability and competitivity of the Australian economy, and further establish its global leadership in dealing with climate changes and catastrophes.Read moreRead less
A balancing act: Resolving coastal wetland water, carbon and solute fluxes. Coastal wetlands offer an impressive capacity to regulate the Earth’s climate by altering the way carbon dioxide is extracted from the atmosphere and stored while simultaneously influencing the water cycle, thus providing ecosystem services such as carbon storage, abating flood waters, improving water quality and protecting the coastline from sea level rise. This project aims to address the current gaps in understanding .... A balancing act: Resolving coastal wetland water, carbon and solute fluxes. Coastal wetlands offer an impressive capacity to regulate the Earth’s climate by altering the way carbon dioxide is extracted from the atmosphere and stored while simultaneously influencing the water cycle, thus providing ecosystem services such as carbon storage, abating flood waters, improving water quality and protecting the coastline from sea level rise. This project aims to address the current gaps in understanding the critical exchanges of water and greenhouse gases (GHGs) combining field methodologies and hydrological models, under different climatic conditions. The intended outcomes will benefit management of GHG emissions, coastal flooding and vulnerable groundwater dependent habitats.Read moreRead less
Mineral transformation and oxidant production in subsurface environments. Sporadic influx of oxygen-rich rainwater / groundwater into subsurface waste sites induces dramatic biogeochemical changes which greatly influence the transport of contaminants present. In this project, fundamental knowledge gaps regarding the impacts of redox oscillations upon contaminant behaviour in these sediments will be addressed through a comprehensive program of field studies at a purpose-constructed experimental f ....Mineral transformation and oxidant production in subsurface environments. Sporadic influx of oxygen-rich rainwater / groundwater into subsurface waste sites induces dramatic biogeochemical changes which greatly influence the transport of contaminants present. In this project, fundamental knowledge gaps regarding the impacts of redox oscillations upon contaminant behaviour in these sediments will be addressed through a comprehensive program of field studies at a purpose-constructed experimental facility in an existing waste site, and complementary laboratory investigations. The intended outcomes are to improve understanding of contaminant mobility at the field-scale in these pervasive sites spread across the globe, and provide critical insight into their remediation using cost-effective techniques.Read moreRead less
Understanding the Origin and Development of Extreme and Mega Bushfires. Extreme and megafires result in significant damage to property and infrastructure and are associated with large suppression costs. These events form when separate fires Merge. Their increase occurrence in recent seasons highlights the importance of developing tools and technologies that better predict extreme events to aid fire response and inform strategies for greater resilience. This project combines fire field experiment ....Understanding the Origin and Development of Extreme and Mega Bushfires. Extreme and megafires result in significant damage to property and infrastructure and are associated with large suppression costs. These events form when separate fires Merge. Their increase occurrence in recent seasons highlights the importance of developing tools and technologies that better predict extreme events to aid fire response and inform strategies for greater resilience. This project combines fire field experiments with computer modelling to determine factors driving extreme fire development, and develop new knowledge and models. These enable better prediction of active fires, enhance the knowledge base of fire managers for critical decision making and to improve risk modelling and mitigation planning for fire-prone communities.Read moreRead less
Gravity Current Driven Smoke Dispersion In a Stratified Ambient. Smoke from bushfires transported by gravity currents, and known to occur nationwide, caused the shutdown of businesses, education and events in Canberra in 2019. Recent scientific investigations have shown that the speed of propagation and concentration of smoke in these three-dimensional gravity currents have a long term ‘memory’ of their initial configuration. In this project, high-fidelity computational and experimental techniq ....Gravity Current Driven Smoke Dispersion In a Stratified Ambient. Smoke from bushfires transported by gravity currents, and known to occur nationwide, caused the shutdown of businesses, education and events in Canberra in 2019. Recent scientific investigations have shown that the speed of propagation and concentration of smoke in these three-dimensional gravity currents have a long term ‘memory’ of their initial configuration. In this project, high-fidelity computational and experimental techniques will be used to elucidate the fundamental mechanisms of gravity current entrainment and propagation. This knowledge will set a strong foundation to improve operational forecasts of smoke transport that will allow government agencies to better respond to the negative impact of these complicated flows.Read moreRead less
A systemic environmental impact metric for companies and investors. Environmental-Social-Governance (ESG) metrics are marketed as measures of environmental performance, but they often track exposure to environmental risk rather than generation of environmental impacts. This project aims to develop and test a science-based, systemic environmental impact score for corporate activities. Expected outcomes include new knowledge of cross-scale interactions in the Earth system and tools to assess a bus ....A systemic environmental impact metric for companies and investors. Environmental-Social-Governance (ESG) metrics are marketed as measures of environmental performance, but they often track exposure to environmental risk rather than generation of environmental impacts. This project aims to develop and test a science-based, systemic environmental impact score for corporate activities. Expected outcomes include new knowledge of cross-scale interactions in the Earth system and tools to assess a business or investment’s systemic environmental impacts from activities including water extraction, deforestation and carbon emissions. These outcomes should provide benefits including improved business decision-making on impact mitigation, environmental quality, productivity and corporate environmental reputation.Read moreRead less
Multi-Country Study on Health Effects of Bushfire Air Pollution. Catastrophic bushfires are a major natural disaster, causing serious air pollution. However, aligning bushfire air pollution and public health policies becomes a significant challenge, because limited studies are available on relationships between bushfire air pollution and human health, particularly for the prolonged exposure. We will characterize the nature of the relationships between bushfire air pollution and mortality/morbidi ....Multi-Country Study on Health Effects of Bushfire Air Pollution. Catastrophic bushfires are a major natural disaster, causing serious air pollution. However, aligning bushfire air pollution and public health policies becomes a significant challenge, because limited studies are available on relationships between bushfire air pollution and human health, particularly for the prolonged exposure. We will characterize the nature of the relationships between bushfire air pollution and mortality/morbidity by developing a multi-country study; and estimate the burden of diseases attributed to bushfire air pollution. This project will provide essential scientific evidence to policy-makers and stakeholders in the development, prioritization and implementation of health protection strategies and policies.
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Quantitative Analysis of Systemic Risk in Insurance. This project aims to achieve a contemporary and comprehensive quantitative analysis of systemic risk in insurance. The significance lies in narrowing the gap between the studies of systemic risk in banking and insurance. Expected outcomes include the construction of insurance/reinsurance networks to formalise systemic risk, the analysis of the role of network integration, and the development of pricing frameworks to entail a systemic risk prem ....Quantitative Analysis of Systemic Risk in Insurance. This project aims to achieve a contemporary and comprehensive quantitative analysis of systemic risk in insurance. The significance lies in narrowing the gap between the studies of systemic risk in banking and insurance. Expected outcomes include the construction of insurance/reinsurance networks to formalise systemic risk, the analysis of the role of network integration, and the development of pricing frameworks to entail a systemic risk premium. The project will benefit insurers and regulators by providing a forward-looking approach to monitoring and assessing insurance risk during a systemic crisis. These important original contributions to insurance risk management will help establish Australia’s global leadership in systemic risk.Read moreRead less
Liquidity in financial markets. This project aims to develop a theory which models the effect of liquidity on option prices under different market conditions. Economic or financial crises are inevitable and affect economics. During or after a major financial crisis, market liquidity usually becomes risky and needs to be studied. Through both empirical and theoretical explorations, this project will quantify and measure liquidity risk and its effect on the options markets. It will develop a frame ....Liquidity in financial markets. This project aims to develop a theory which models the effect of liquidity on option prices under different market conditions. Economic or financial crises are inevitable and affect economics. During or after a major financial crisis, market liquidity usually becomes risky and needs to be studied. Through both empirical and theoretical explorations, this project will quantify and measure liquidity risk and its effect on the options markets. It will develop a framework to help market regulators manage illiquidity, enhance the efficiency of option trading in illiquid markets and help in the detection of market manipulation.Read moreRead less