This is an economic evaluation of the compensation to which Papua New Guinea’s customary landholders -
wrongly dispossessed through Special Agricultural Business Leases (SABL) - might be entitled if they successfully sued the government. The evaluation involves the calculation of commercial loss but also, and probably more importantly, economic equivalent value loss. The framework identifies the relevant heads of value (not just priced transactions) and demonstrates appropriate methods for valuation. It does not pretend to be a price calculator but rather a tool for advocacy.
The Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) aims to provide the Pacific Island Countries (PICs) with disaster risk modeling and assessment tools. It also aims to engage in a dialogue with the PICs on integrated financial solutions for the reduction of their financial vulnerability to natural disasters and to climate change. The initiative is part of the broader agenda on disaster risk management and climate change adaptation in the Pacific region.