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Return on Investment to enable Safe Prioritised Asbestos Removal in Australia

Date created: Date modified: 13 Aug 2020

To enhance the evidence base for the business case for removal of asbestos, Adept Economics, in conjunction with Queensland Economic Advocacy Solutions (QEAS) have undertaken a review of the emerging business case for the safe prioritised removal of asbestos. The review involved a literature review and summary of findings from stakeholder consultations on the topic. A checklist was also developed to capture all the information required for businesses and government to calculate the Return on Investment (ROI) from safe prioritised asbestos removal, that is, how many dollars of benefits are obtained per dollar of costs. If lifecycle benefits exceed costs, then the upfront investment in asbestos removal, which can be substantial, would be worthwhile.