People

Nadja Arold

Principal
MSc (Economics) (FernUni Hagen), MBA (Melb.), BEng (Mannheim)

Sectors

Environment & Climate Change, Water, Public Policy

Skills

Investment appraisal & business cases, Quantitative methods & modelling, Non-market valuation, Policy evaluation & reform, Policy design

Nadja has over 15 years of professional experience and is one of Marsden Jacob’s specialist economic modellers. She specialises in the management of coastal hazards as well as waste management and recycling.

Nadja is an experienced economist with a pragmatic, yet innovative approach to problem solving and project delivery.  Her primary interests relate to quantitative analysis and economic and financial modelling with a focus on coastal zone management and coastal hazards as well as waste management. She brings a strong focus on detail and an ability to present complex issues in a simple and easy to understand way. Nadja has developed complex yet practical models that support decision making and is able to translate the issues faced by clients into high quality analysis.

Nadja’s specific areas of expertise include:

  • Cost benefit analysis (CBA): Nadja has undertaken CBAs of major investment projects and policies across a number of industries. These include management options of coastal hazards, waste recycling programs, such as container deposit schemes, climate change adaptation initiatives, motor vehicle emissions and industry pollution regulations, and water infrastructure investments (e.g. irrigation and recycled water schemes and water sensitive urban designs).
  • Non-market valuation: Nadja is skilled in non-market valuation approaches for environmental and social impacts of policies and programs based on her master thesis as well as past project work, such as valuing health and environmental impacts of pollution, litter reduction and protection of natural areas.
  • Business case development: Nadja has prepared comprehensive and rigorous business cases for major projects, including business cases seeking approval and funding from State and Commonwealth Governments.
  • Risk and vulnerability assessment: Nadja has extensive experience in risk assessment with a particular focus on climate change risks.

Nadja holds a Masters Degree in Economics from the FernUniversität in Hagen, Germany, as well as a Master of Business Administration from the University of Melbourne. Nadja’s master thesis ‘The Economic Value of Life’ focused on the non-market valuation of changes in the survival probability, which forms the basis for estimating the value of a statistical human life.

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