Discovery Early Career Researcher Award - Grant ID: DE160101306
Funder
Australian Research Council
Funding Amount
$373,848.00
Summary
Valuing the non-market benefits of mine site rehabilitation. This project aims to improve decisions about mine site rehabilitation. Mining causes environmental damage, which mine operators are legally required to rehabilitate. Although companies invest considerably in mine site restoration and biodiversity offsets, we don’t know whether their practices match public preferences for rehabilitation outcomes. Filling this knowledge gap is challenging because the benefits of rehabilitation (eg biodiv ....Valuing the non-market benefits of mine site rehabilitation. This project aims to improve decisions about mine site rehabilitation. Mining causes environmental damage, which mine operators are legally required to rehabilitate. Although companies invest considerably in mine site restoration and biodiversity offsets, we don’t know whether their practices match public preferences for rehabilitation outcomes. Filling this knowledge gap is challenging because the benefits of rehabilitation (eg biodiversity) are not traded in markets. This project aims to address these challenges by estimating, in monetary terms, the values provided by mine site restoration. By identifying these values, the project expects to contribute to improving the design of mine rehabilitation standards, and will enable future policy decisions to be more closely aligned with society’s preferences.Read moreRead less
Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact ....Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact price and price volatility of water, market power, economic welfare of water traders, and what social and economic impacts water reforms in the past decades have in the Basin. The findings will provide critical evidence for evaluating future water reforms, building resilient rural communities and safeguarding food security.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE200101319
Funder
Australian Research Council
Funding Amount
$373,857.00
Summary
Building a carbon neutral future for Australian agriculture . The aim of this research is to design an economically sound policy strategy for making the Australian agriculture sector carbon neutral by 2040. This strategy will provide policy makers with a menu of policy packages to improve the sector’s international competitiveness, in the context of growing demands from consumers and international markets for low emission products while meeting the challenges of a changing climate. To assist in ....Building a carbon neutral future for Australian agriculture . The aim of this research is to design an economically sound policy strategy for making the Australian agriculture sector carbon neutral by 2040. This strategy will provide policy makers with a menu of policy packages to improve the sector’s international competitiveness, in the context of growing demands from consumers and international markets for low emission products while meeting the challenges of a changing climate. To assist in developing this strategic knowledge a national-scale quantitative economic model will be developed. Given the absence of a clear national strategy for agricultural GHG emissions and the growing global urgency addressing climate change, this research fills an important gap and comes at an opportune time. Read moreRead less
Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further ....Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further water market products may increase water market efficiency; and, the nature and sources of transactions costs in markets. Benefits from this project will enhance resilience and adaptation of irrigators to future climate change and water shortages, as well as providing future policy guidance.Read moreRead less
Australian Laureate Fellowships - Grant ID: FL190100164
Funder
Australian Research Council
Funding Amount
$3,336,000.00
Summary
Water Justice: Indigenous Water Valuation and Resilient Decision-making . The aim is to value water and support resilient decision-making for water justice. Its significance is to provide missing socio-cultural-environmental values of First Peoples water, the absence of which means Indigenous demands for water justice are frequently ignored. Project outcomes will empower First Peoples and support resilient and evidence-based decision-making. The key benefit is a sustainable Australia through: fi ....Water Justice: Indigenous Water Valuation and Resilient Decision-making . The aim is to value water and support resilient decision-making for water justice. Its significance is to provide missing socio-cultural-environmental values of First Peoples water, the absence of which means Indigenous demands for water justice are frequently ignored. Project outcomes will empower First Peoples and support resilient and evidence-based decision-making. The key benefit is a sustainable Australia through: first-ever conjoint socio-cultural values of First Peoples’ water; transformative decision-making to account for Indigenous values and risks (such as droughts); and a Water Justice Hub to create a generation of scholars in integrated water valuation, resilient decision-making, and Traditional Water Knowledge. Read moreRead less
Benefits and costs of non-market valuation for environmental management. Benefits from environmental policies are often unpriced “non-market values” (NMVs). Environmental agencies struggle to know how best to measure these relatively intangible benefits, but doing so is important to ensure value for money from public investments. Environmental economists have developed and applied a wide range of methods for estimating NMVs. The methods vary in their comprehensiveness, accuracy and cost. Yet no ....Benefits and costs of non-market valuation for environmental management. Benefits from environmental policies are often unpriced “non-market values” (NMVs). Environmental agencies struggle to know how best to measure these relatively intangible benefits, but doing so is important to ensure value for money from public investments. Environmental economists have developed and applied a wide range of methods for estimating NMVs. The methods vary in their comprehensiveness, accuracy and cost. Yet no rigorous tool is available to assess (a) which NMV method is best to implement, accounting for its cost and its potential to improve decisions, or (b) whether any NMV method improves decisions enough to warrant its cost. In creating such a tool, this project will deliver a key breakthrough in environmental economics.Read moreRead less